#BTCWhaleMovement
⚠️ Bitcoin Hits Resistance Again at $110K – Pullback or Breakout?
Bitcoin has faced its third rejection at the $110K level, raising questions about whether this is a pause before a breakout or the start of a deeper dip.
📊 Market Overview
Resistance: $110K–$112K remains tough to break.
Support: Near-term at $108K, broader at $105K.
🔍 Technical & On-Chain Highlights
Bearish Signals: RSI & MACD hint at short-term weakness.
Price Pattern: BTC is forming a symmetrical triangle ($108K–$110.6K).
Whale Alert: 20K BTC moved from a dormant wallet (~$2B), raising sell-off fears.
HODL Strength: Long-term holders remain steady; leveraged positions rising.
🏦 Macro & Institutional Context
ETF Inflows: $48B+ in spot BTC ETFs adds solid demand support.
Macro Watch: Powell's testimony and inflation data ahead.
Economic Resilience: Strong U.S. job data lifts yields, but BTC holds firm.
🔮 Key Levels to Watch
$110K–$112K: Major resistance zone
$108K: Near-term support
$105K: Broader support
✅ Summary
Bitcoin is at a critical point. While short-term charts suggest a pullback, strong ETF inflows and HODLer behavior support the bullish outlook.
