Bitcoin Price Faces Strong Resistance Around $113K While Holding Key Support At $110K In A High-Volume Market Battle Between Bulls And Bears ๐Ÿ“‰๐Ÿ”ฅ

Bitcoin (BTC) is trading at $110,999.31 against USDT, showing a 1.36% drop in the last 24 hours. Trading remains highly active with a volume of 14,708 BTC (~$1.65B).

๐Ÿ”‘ Key Metrics

Current Price: $110,999.31

24h High: $113,293.29

24h Low: $110,766.66

24h Change: -1.36%

Volume (24h): 14,708 BTC (~$1.65B)

๐Ÿ“Š Technical Outlook

MA(7): $111,882.19

MA(25): $111,286.72

MA(99): $110,805.16

BTC is currently trading just below the short and medium-term moving averages, signaling mild bearish pressure. However, it is still holding above the 99-day MA, which suggests long-term support remains intact.

โš–๏ธ Market Sentiment

If BTC breaks below $110,800, selling pressure could accelerate. A recovery above $111,900 may open the path toward retesting $113,000. Traders should closely watch volume spikes for confirmation of the next move.

โœ… Key support: $110,800

โœ… Key resistance: $113,000

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