Bitcoin Price Stalls Below $111K: Is a Breakdown Toward $103K Next?

Bitcoin’s recent price action is signaling a shift in momentum on the daily chart. After a brief push above $110K, BTC is struggling to maintain upside traction—hovering just below resistance at $111,700 and showing signs of weakening buyer strength.

Technical indicators suggest a cooling trend. The MACD histogram is flattening after a bullish phase, hinting at a potential pause or pullback. RSI has moved lower from recent highs, reinforcing the notion that bulls may be losing control.

Support at $107K is now crucial. A breakdown could trigger a drop toward $104K or even $96K. Conversely, a decisive breakout above resistance could revive bullish momentum.

This chart setup offers critical insights for both long and short traders watching for confirmation signals.

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Read the full analysis: www.ecoinimist.com/2025/06/12/bitcoin-price-stalls-below-111-k