⚠️ Bitcoin Warning: Third Rejection at Level 110,000$ — Is it a Temporary Correction or an Imminent Explosion?
$BTC tried to break through the $110,000 barrier for the third time… but failed again!
Now, traders are wondering:
Is this just a healthy pause before the launch? Or the beginning of a deeper correction? 🤔
📊 Quick Market Overview:
• Third rejection at 110K: the area between 110K–112K shows strong resistance
• Current support: 108K, with broader protection at 105K
🔍 Technical and Behavioral Analysis:
• RSI and MACD indicators show short-term bearish signals
• A symmetrical triangle is forming between 108K–110.6K — usually precedes a breakout
• Movement of a sleeping whale: transfer of 20,000 BTC (~2 billion dollars) confused the markets
• Long investors remain steady: over 14.7 million BTC off exchanges
🏦 Macroeconomic and Institutional Factors:
• ETF funds pump over 48 billion dollars — strong institutional support
• Upcoming Powell testimony and inflation data may move the market
• Despite strong U.S. employment data… Bitcoin shows remarkable stability
🔮 What’s Next?
Level Importance
110K–112K Major Resistance (three peaks)
108K Short-term Technical Support
105K Broader Support in Case of a Drop
🚀 Bullish Scenario: A clear break above 110.6K could push the price towards 112K–114K, supported by ETF fund flows
✅ Conclusion:
Bitcoin stands at a technical crossroads…
Despite the signs of a pullback, optimism remains due to institutions and long-term holders.