$BTC MARKET UPDATE: THE $111,600 BATTLE LINE

$BTC Price: $111,345

24h Volume: $762.25 Million

Key Levels:

Support: $111,000, $110,620

Resistance: $111,600, $117,500

The entire Bitcoin market is currently defined by the battle at the $111,600 resistance. Bulls are showing increasing strength by forming a series of higher lows, pressing the price against this key level. The high volume node in this area confirms its significance. A decisive breakout above this battle line would be a major technical victory for the bulls and would signal the continuation of the macro uptrend for #Bitcoin