🔵Bitcoin remains under pressure after falling below $115,500, reaching a low of $112,400. The price is now attempting a recovery but trades below the 100-hour moving average and key resistance around $114,800–$115,500. A close above these levels could open the way to $118,400, and if momentum holds, to $120,000 and $121,500.
🔵Still, downside risks persist. If bulls fail to defend current levels, immediate support sits at $113,500, with a key zone at $112,400. A breakdown below it could lead to declines toward $111,500 and even $110,000. Technical indicators show weakening buyer strength: the MACD is losing momentum, but the RSI remains above 50, leaving room for a potential local rebound.
