$BTC UNDER PRESSURE ⚡ – WILL THIS DIP TRIGGER A WIDER CRYPTO SELLOFF?
Bitcoin slipped further after breaking below $115,000, deepening bearish momentum. The price is now under $114,500 and the 100-hour SMA, with a descending trend line showing strong resistance near $114,000.
📉 On the downside, $BTC risks testing $112,000–$111,250 support, with a possible extension toward $110,500 if selling pressure accelerates. A sharper decline could even drag prices near $108,800–$107,500.
📈 On the upside, reclaiming $114,000–$115,000 could shift momentum back to the bulls, opening the door for $116,500 and potentially $117,250. Technicals show the MACD gaining bearish strength while RSI remains below 50.
🔎 Market Outlook: Short-term pressure remains heavy, but a decisive breakout above $115,000 may spark a recovery. Until then, traders should watch support zones closely as volatility builds across the crypto market.
