#BTCWhaleMovement

Bitcoin Warning: $110K Rejection #3 – Pullback or Breakout Next?

Bitcoin just got rejected for the third time at the $110K level — and traders are asking: is this a healthy pause before a breakout, or the start of a deeper pullback?

📊 Market Snapshot

Triple Rejection at $110K: $BTC surged above $110K but once again failed to hold. This resistance zone ($110K–$112K) is proving hard to crack.

Support Levels: Immediate support rests around $108K, with broader downside protection near $105K.

🔍 Technical & On-Chain Breakdown

Bearish Divergence: RSI and MACD are showing short-term bearish signs on intraday charts.

Symmetrical Triangle Formation: BTC is ranging between $108K–$110.6K — a zone of indecision often preceding a breakout.

Whale Movement Alert: A dormant whale wallet moved 20,000 BTC (~$2B), spooking some traders about a potential sell-off.

HODLers Stay Firm: Long-term holders continue to hold (~14.7M BTC off exchanges), contrasting with leveraged traders who are building positions aggressively.

🏦 Macro & Institutional Context

ETF Inflows Remain Strong: Spot Bitcoin ETFs have attracted over $48 billion, adding a strong base of demand and potentially softening any dips.

Macro Factors Ahead: With Powell’s upcoming testimony and new inflation data, the macro environment remains a wildcard.

Economic Backdrop: Strong U.S. employment data has lifted yields, but Bitcoin has held surprisingly steady — a sign of growing resilience.

🔮 What’s Next?

Level Significance

$110K–$112K Key resistance (triple top)

$108K Triangle support (near-term floor)

$105K Broader support zone

Bullish Scenario: A decisive break above $110.6K could trigger a rally to $112K–$114K, with strong ETF inflows acting as fuel.

✅ Bottom Line

Bitcoin is at a technical crossroads. While indicators suggest a short-term pause or pullback, institutional support and strong HODL behavior continue to underpin the bullish case.

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