#BTC110KToday?

Bitcoin is currently trading around $107,349.37, with a 0.14% increase in the last 24 hours. It's about $2,650.63 shy of reaching $110,000 today. The cryptocurrency market is experiencing some volatility, with various factors influencing its movement.¹

*Recent Market Trends:*

- *Resistance at $110,000*: Bitcoin faced a significant sell-off after hitting the $110,000 mark, leading to a decline in price.

- *Fed Rate Decision*: The Federal Reserve's decision to keep interest rates steady at 4.25%-4.50% has contributed to market uncertainty.

- *Global Economic Factors*: Ongoing trade tensions, including the US-China trade war and tariffs imposed by President Donald Trump, have impacted the market.²

*Technical Indicators:*

- *Relative Strength Index (RSI)*: Shows bearish signs with lower highs, potentially indicating a short-term sell-off.

- *200 SMA and EMA Trend*: Bitcoin's price is still respecting this trend, indicating potential for volatility.

Keep in mind that cryptocurrency markets are highly volatile, and prices can fluctuate rapidly. For the most up-to-date information, it's best to check reliable sources like CoinMarketCap or CoinGecko.³