THE THIRD FAILURE OF BITCOIN TO SURPASS 110,000 USDT PUTS BULLS AT RISK: BITCOIN PRICE LEVELS TO CONSIDER.

Bitcoin fails to break above USD 110,000 for the third time, which is quite concerning for bulls and suggests a possible price correction. Historically, each time the price has been rejected multiple times near its all-time highs, significant drops have followed.

We are seeing that technical indicators, such as bearish divergences in the Relative Strength Index (RSI) and the large selling volume around USD 110,000, confirm this resistance. The key support levels they are watching are between USD 107,500 and USD 106,000, with a local minimum at USD 105,200.

However, if Bitcoin manages to clearly break above USD 110,000, we could see a "short squeeze" that drives the price towards USD 114,000. As always, it's crucial to conduct thorough research before making any investment decisions.