Bitcoin Price Analysis: Bitcoin at Risk of Retracement as Hopes for New All-Time High Dwindle
Bitcoin has lost $BTC
Its bullish momentum slightly wanes as it approaches its all-time high at $111,000, with strong selling pressure emerging at this key level.
The price is still struggling to reclaim this level, indicating a potential period of consolidation or corrective movement in the coming days.
Technical Analysis
The Daily Chart