Bitcoin Struggles Below Key Resistance Levels
- Bitcoin price is trading below $113,000 and the key resistance levels of $113,500 and $114,000.
- BTC faces a bearish trend with resistance forming at $112,000 on the hourly chart.
- Immediate support is near the $110,200 level, with major support at $110,000.
- A potential decline could target supports at $109,500 and $108,500 if BTC fails to rise above the current resistance zones.
Bitcoin’s price struggles to maintain levels above key resistances and is currently consolidating below critical thresholds such as $113,500 and $114,000. The presence of a bearish trend suggests potential further declines if immediate support levels are breached.
The Bitcoin market remains volatile as it hovers around significant resistance points while facing downward pressure from bearish trends and moving averages. (Source)
