BTC Consolidates Below $110K After 3.42% Dip—Traders Eye Key Resistance Amid Cooling Momentum

Bitcoin (BTC) is trading at $104,059.99 on Binance, down 3.42% over the past 24 hours from a 24h open of $107,744.01. The recent price decline is primarily attributed to profit-taking and cooling momentum after BTC approached its all-time high near $112,000, with resistance observed at the $109,536 and $110,600–$111,000 levels. The market remains in consolidation as institutional inflows, ETF demand, and post-halving supply constraints continue to provide underlying support, but short-term upside is limited by strong resistance and signs of exhaustion in intraday trading. Bitcoin’s market capitalization stands at approximately $2.15 trillion, with price action consolidating below the $110,000 psychological barrier as traders watch for a decisive move above resistance or further downside pressure.