#Bitcoin extended its decline after posting a high of $120,090 on Wednesday, encountering selling pressure that pushed the price down to a key support level at $114,728. This level held, triggering a minor bounce, with BTC last trading around $117,368. The recovery remains limited, suggesting weak bullish momentum, while $114,728 now serves as immediate support. A break below could open the path toward deeper retracements.
Key areas of interest to traders would be the 100-period Exponential Moving Average (EMA) at $116,461 and the 50-period EMA at $117,843. The 200-period EMA at $113,520 is in line to provide support if the decline resumes.
