#BTCWhaleMovcrypto ⚠️ Bitcoin Alert: $110K Rejection Strikes Again — Breakout or Breakdown Ahead?

Bitcoin just faced its third rejection at the $110K level, raising the big question:

Is this just a cooling-off period before a breakout, or the beginning of a deeper pullback?

📊 Market Overview

Triple Rejection at $110K: $BTC briefly pierced $110K again, only to pull back. The $110K–$112K range is proving to be a major resistance wall.

Key Support Levels: Immediate support lies near $108K, with broader safety around $105K.

🔍 Technical & On-Chain Insights

Bearish Divergence: Short-term RSI and MACD indicators are flashing red flags.

Symmetrical Triangle: BTC is consolidating between $108K–$110.6K — a classic setup for a breakout (or breakdown).

Whale Activity Alert: A long-dormant whale just moved 20,000 BTC (~$2B), sparking fears of a potential dump.

HODLers Stay Steady: Long-term holders still hold strong (~14.7M BTC off exchanges), in contrast to rising leveraged positions from short-term traders.

🏦 Macro & Institutional Landscape

ETF Inflows Stay Strong: Spot Bitcoin ETFs have now attracted over $48B — offering consistent demand and helping cushion dips.

Macro Uncertainty Looms: Powell’s upcoming testimony and new inflation data could inject volatility.

Economic Signals: Despite rising yields from strong U.S. jobs data, Bitcoin’s resilience remains notable.

🔮 Key Levels to Watch

Level Significance

$110K–$112K Triple-top resistance zone

$108K Triangle support (near-term)

$105K Broader support floor

🚀 Bullish Outlook:

A clean breakout above $110.6K could open the door for a push to $112K–$114K, especially with ETF momentum backing it.

✅ Takeaway:

Bitcoin is at a critical technical inflection point. While short-term indicators hint at caution, institutional flows and strong HODL conviction are keeping the bullish case alive.

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