📉 Bitcoin Price Analysis: Bearish Signs as $BTC Slips Below Key Support
Bitcoin has broken below the 200-day MA at $109K, signaling renewed bearish pressure after weeks of range-bound trading.
📊 Key levels:
Support zone: $106K–$103K (crucial demand area)
Resistance: $114K–$116K (major supply zone)
Next downside target: $102K–$100K if breakdown confirms
Analyst Shayan notes that $BTC remains trapped in an equilibrium range ($105K–$116K), where liquidity is cycling between buyers and sellers. A daily close back above the 200-day MA could trigger a bullish reversal, but failing to defend $106K may open the door to deeper corrections.
💡 On-chain signal:
Global exchange reserves keep dropping — a long-term bullish sign — but Binance reserves are rising, hinting at short-term volatility ahead as institutional traders hedge or reposition.
⚠️ Watch closely:
If selling pressure persists, Bitcoin could retest $102K–$100K, marking the next potential institutional buy zone before any recovery attempt.
