#BTCWhaleMovement Bitcoin Alert: Third Rejection at $110K – Consolidation or Correction?

Bitcoin has once again been rejected at the $110K mark — its third failed attempt. Now, the big question is: is this a healthy consolidation before a breakout, or the beginning of a deeper pullback?

📊 Market Snapshot

Triple Tap at Resistance: BTC briefly pushed above $110K but failed to sustain gains. The $110K–$112K zone remains a tough ceiling.

Key Supports: Short-term support sits around $108K, with stronger demand expected near $105K.

🔍 Technical & On-Chain Insights

Bearish Divergence: RSI and MACD on lower timeframes hint at weakening momentum.

Symmetrical Triangle Pattern: BTC is consolidating between $108K and $110.6K — often a prelude to a breakout.

Whale Activity: A dormant whale wallet just moved 20,000 BTC (~$2B), sparking sell-off concerns.

Strong Hands Hold Steady: Long-term holders are unfazed, with ~14.7M BTC still off exchanges. Meanwhile, leveraged traders are ramping up positions.

🏦 Macro & Institutional Landscape

ETF Demand Remains Solid: Spot Bitcoin ETFs have seen over $48B in inflows, providing a strong demand floor.

Upcoming Catalysts: Powell’s testimony and fresh inflation data could sway market sentiment.

Resilience Amid Macro Shifts: Despite stronger U.S. job data and rising yields, BTC is holding ground — a bullish sign.

🔮 What to Watch

| Level | Importance | |----------------|--------------------------------------| | $110K–$112K | Major resistance (triple top) | | $108K | Near-term triangle support | | $105K | Broader support zone |

🚀 Bullish Case: A clean breakout above $110.6K could open the door to $112K–$114K, especially if ETF momentum continues to build.

✅ Bottom Line

Bitcoin is hovering at a pivotal level. While short-term signals suggest caution, the bigger picture — driven by institutional flows and unwavering HODLers — still favors long-term strength.