*Bitcoin Weekly Chart Analysis: Is 110K the Next Stop?*
has shown signs of weakness this week, dropping below key support levels as market momentum slows. After hitting a recent high of124,545, BTC is now trading at 112,224 — a drop of over 10
*Key Technical Insights:*
- The *7-day moving average (MA)* at116,948 has now been broken, signaling a potential shift in trend.
- Bitcoin is currently testing the *horizontal support zone near 112K*.
- The next major psychological and technical support lies around *110,000* — a level to watch very closely.
If *110K breaks*, it opens the door for deeper downside action. The *next significant support level* is around *104,000*, and below that, Bitcoin could revisit the *97,000–98,000 zone*, based on the 25 MA and historical structure.
*What to Watch:*
- Volume is decreasing, indicating weakening buyer pressure.
- A daily or weekly close below 110K would confirm a bearish continuation.
- On the flip side, if BTC bounces above116K again, it could resume upward momentum.
*Final Thoughts:*
Bitcoin is at a crucial point. If bulls don’t step in around 110K, bears may take full control. Caution is advised for leveraged traders. Spot buyers may find accumulation opportunities below104K — but timing and risk management are key.