$BTC The price has recently pulled back from an all-time high of $111,980 and is testing key support levels amid short-term volatility driven by geopolitical tensions and institutional activity.

Key Technical Indicators:

Moving Averages:

4-Hour Chart: The 50-day moving average (MA) is sloping upward, indicating a bullish short-term trend, but the 200-day MA has been declining since June 15, 2025, suggesting a weakening longer-term trend. The price is currently below the 20-day ($106,211), 50-day ($103,110), and 100-day ($98,807) exponential moving averages (EMAs), signaling a short-term technical breakdown.