đ Bitcoinâs Halloween Dip: $BTC Falls Below $110K
Bitcoin gave investors a spooky surprise this Halloween, dropping below $110,000 before slightly recovering around $110,162.
The price has been moving in a tight triangle pattern, showing market indecision before a possible big move. Buyers are holding support near $106,300, while sellers are blocking gains around $112,000.
Analysts say Bitcoinâs price is âcompressingâ, which often means a breakout is coming soon.
For now, the short-term trend stays neutral to slightly bearish, with resistance at the 50-day EMA ($111,240) and 200-day EMA ($112,685).
đ Traders are watching closely â a strong move could be just around the corner.