The price is currently trending downwards within a descending channel, indicating a bearish sentiment. The recent bounce from the support zone around $113,589.43 suggests a potential reversal, but the overall trend remains cautious. Key levels to watch: $116,640.84 (resistance) and $105,494.88 (support). What's your take on the current market sentiment? #BTC#CryptoAnalysis#MarketUpdate
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