Bitcoin (BTC) is once again testing critical support above $111,000, with traders debating whether the recent pullback marks the start of a deeper correction or a healthy consolidation before the next leg higher.<\/p>\n
After touching an all-time high above $126,000, the world\u2019s largest crypto asset has shed nearly 9% on the weekly charts, reflecting waning momentum amid broader market uncertainty and renewed U.S.\u2013China trade tensions.<\/p>\n\n
Currently, Bitcoin is trading around $111,300, down roughly 1% in 24 hours, after briefly dipping to an intraday low of $110,292. Technical indicators show the asset under pressure, with the 20-day and 50-day moving averages turning lower and a bearish crossover emerging on the MACD.<\/p>\n
The Relative Strength Index (RSI) has fallen to the mid-40s, signaling cooling buying strength and the potential for further downside if support fails.<\/p>\n
Analysts are eyeing $107,000\u2013$110,000 as the crucial short-term demand zone. A decisive break below this area could open the path toward $100,000, while a bounce above $115,000\u2013$123,000 would be needed to restore bullish sentiment.<\/p>\n
\u201cBitcoin\u2019s structure suggests fatigue at the top, with a potential double-top formation visible around $126,000,\u201d one market analyst<\/a> noted. \u201cA weekly close below $110K would likely trigger broader profit-taking.\u201d<\/p>\n On-chain data indicates that BTC whales have increased short exposure, signaling caution among large holders.<\/p>\nWhales Turn Cautious, Bitcoin ETF Inflows Slow<\/strong><\/h2>\n