BTC Price once again failed to break the 112K resistance and is now consolidating around the 110K level. A breakdown below 110K support could trigger further sell-side pressure If confirmed, the next key downside target lies at 106K, which remains a strong support zone within the current downtrend cycle.
Fundamental Outlook:
Despite the short-term bearish technical setup, the broader fundamental background remains positive. If support levels hold, the market may stabilize and potentially resume an upward move in line with the longer-term bullish narrative.
You may find more details in the chart.
Trade wisely best of Luck Buddies.
Ps; Support with like and comments for better analysis Thanks for Supporting.
Fundamental Outlook:
Despite the short-term bearish technical setup, the broader fundamental background remains positive. If support levels hold, the market may stabilize and potentially resume an upward move in line with the longer-term bullish narrative.
You may find more details in the chart.
Trade wisely best of Luck Buddies.
Ps; Support with like and comments for better analysis Thanks for Supporting.
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