#WalletConnect @WalletConnect $WTC
The multiple rejections of Bitcoin at the $110,000 mark indicate the inability of bulls to maintain higher prices.
The price of BTC could fall to $105,000 in the short term if key levels are lost.
Bitcoin bulls
BTC
€91,685
had their attempt to regain support at $110,000 thwarted on Thursday, as U.S. employment data exceeded expectations, dealing a harsh blow to hopes of interest rate cuts before September.
This is the third failed attempt since the all-time high reached in May, raising doubts about Bitcoin's ability to surpass $110,000 and re-enter the price discovery phase.