No false info – Deep analysis with real market data
Bitcoin once again faced rejection at the $110,000 level and has started to drop. Bulls attempted a breakout, but sellers pushed the price back down, and now BTC is trading below $108,500 and the 100-hour simple moving average (SMA).
A key trendline support was broken, signaling potential short-term weakness.
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📉 Quick Price Recap:
Bitcoin surged past $108,500, hit a high of $109,700, and then reversed.
The price dropped below $109,200, $108,500, and broke a rising trendline.
It is now trading near $107,800 with resistance building overhead.
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🔎 Technical Analysis:
✅ Current Indicators:
MACD (Hourly): Gaining strength in the bearish zone
RSI (Hourly): Below 50 — bearish momentum in control
Trendline: Broken support at $108,200
📊 Key Levels to Watch:
Resistance Levels:
🔺 $108,150 – minor bounce resistance
🔺 $108,500 – 50% Fib retracement (from $109,700 to $107,674)
🔺 $109,700 – last swing high
🔺 $110,000 – major psychological barrier
🔺 $112,000 – $115,000 – only possible if BTC breaks $110K strongly
Support Levels:
🔻 $107,500 – immediate support
🔻 $106,500 – critical zone to avoid sharp losses
🔻 $105,500 – next support
🔻 $104,200 – possible target in deeper correction
🔻 $103,500 – major long-term support zone
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🧠 Market Sentiment & Behavior:
Bulls are showing exhaustion near $110K
Sellers are active in every bounce
Whales may accumulate near $106K or lower
Market remains volatile — high caution is advised
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🔮 What’s Next for BTC?
🟢 Bullish Scenario:
If BTC reclaims $108,500 with good volume:
Quick retest of $109,700
Break above $110,000 opens doors for $112K–$115K
Volume confirmation needed for sustained rally
🔴 Bearish Scenario:
If BTC stays under $108,500:
May test $107,500, then $106,500
Below $106,500 = likely drop to $105,500 or $104,200
If panic sets in, $103,500 becomes critical support
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📌 Pro Trader Tips:
✔ Avoid fresh longs below $108.5K unless reversal confirmation is strong
✔ Watch for volume spike at $106.5K — bounce or breakdown incoming
✔ MACD & RSI both point bearish — trend reversal not confirmed
✔ Accumulation zone (for long-term investors) may begin near $104K–$106K
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✅ Final Thoughts:
Bitcoin bulls are struggling to break the $110K wall — it's now acting like a heavy ceiling. Until BTC regains $108,500, the trend stays tilted to the downside.
But don’t forget:
Crypto thrives on surprise moves and fake breakdowns. Be ready, not reactive.
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📉 Supports to watch: $107,500 → $106,500 → $105,500
📈 Upside targets: $108,500 → $109,700 → $110,000+
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📣 What’s your take?
Will Bitcoin bounce from $106,500 or are we heading to $104K?
Let’s discuss below 👇
#noobtoprotrader #BitcoinResistance #CryptoNews #Altseason #MarketCrash $BTC