📉⚠️Bitcoin is gradually sliding towards a crucial support level around $110,000. For half a year, this level has acted as key resistance. A lot of effort was spent to break above it. Accordingly, a quick return below it will mean that the bears are significantly stronger.
👀We also consider the double bearish divergence on the weekly timeframe. It already signals weakness among buyers. Overall, we need to closely monitor the outcome; the risks of a significant correction are increasing. Although a lot of factors indicate a potential continuation of growth. Therefore, still no panic.
