🚀 BITCOIN FACES THE RISK OF ADJUSTMENT TO $100K
🟢 Bitcoin's MVRV indicator has fallen below the SMA365 average line, usually associated with signals of cycle weakening. The current BTC price is around $110.6K, losing the upward trendline and at risk of retreating to $108.8K – even $100K if selling pressure increases.
🟢 RSI ~40: approaching oversold territory, market sentiment is fragile.
🟢 Spot Taker CVD leans towards selling → pressure on rebounds.
🟢 Long/Short Ratio on Binance: 1.82 (64.5% Long) → risk of “long squeeze” if the price drops sharply.
➡️ $110K is the critical frontline – if breached, Bitcoin could enter a deeper adjustment phase before the uptrend resumes.