⚠️ Bitcoin at Risk of Further Losses – Key Support in Focus
Bitcoin (BTC) trades at $112,736 on Friday, pulling back from the intraday high of $113,525. The drop now puts pressure on the $111,920 support, a pivot formed on August 3 that fueled BTC’s early August recovery.
Bearish case: A daily close below $111,920 could trigger a deeper fall toward $107,245, the July 4 low.
Indicators: The MACD has slipped below the zero line with rising red histogram bars, signaling mounting bearish momentum. The RSI at 41 hovers above oversold but reflects weak buying pressure.
Bullish case: A rebound from support could re-ignite the rally, with BTC eyeing the $120,000 supply zone.
👉 Traders should watch the $111,920 level closely — the next decisive move hinges on this pivot.
