Overview

• Bitcoin is down about 2.8% over 24 hours and trades below $110k after a multi‑day selloff, extending recent weakness across crypto markets.
• Intraday technicals turned negative, with a break of a bullish hourly trend line, price below the 100‑hour SMA, a bearish MACD, and RSI under 50.
• Key levels now include resistance at $112,400–$113,500 and supports at $110,750, $110,000, $109,500, then $108,500 and $106,500.
• Chart watchers flag a daily EMA pivot near $110,883; a close below it risks a retest of $108,513 and, on further weakness, the 200‑day EMA around $103,991.
• Analysts split on the next move: a potential relief bounce toward $118k–$122k per CasiTrades versus rising odds of a 2025 top, with downside targets discussed near $93k or $77k.