Bitcoin Faces Bearish Pressure Near $111K Support After Failing to Extend All-Time Highs

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 ￰0￱ Reading: Is Bitcoin About To See A Repeat Of 2020-2021? What Happened After The Last Flash Crash After touching an all-time high above $126,000, the world’s largest crypto asset has shed nearly 9% on the weekly charts, reflecting waning momentum amid broader market uncertainty and renewed U. S.–China trade tensions. BTC's price trends to the downside on the daily chart.) has fallen to the mid-40s, signaling cooling buying strength and the potential for further downside if support ￰1￱ are eyeing $107,000–$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–$123,000 would be needed to restore bullish sentiment. “Bitcoin’s structure suggests fatigue at the top, with a potential double-top formation visible around $126,000,” one market analyst noted. “A weekly close below $110K would likely trigger broader profit-taking.” Whales Turn Cautious, Bitcoin ETF Inflows Slow On-chain data indicates that BTC whales have increased short exposure, signaling caution among large ￰2￱ aligns with reports of falling ETF inflows, which declined by over $223 million this week after surging more than $2.7 billion the week ￰3￱ suggest this cooldown reflects a pause in institutional demand following months of aggressive accumulation.

Meanwhile, traders are closely watching macro developments, as gold’s rally to a record $4,200 has drawn some capital away from Bitcoin’s “digital gold” ￰4￱ ￰5￱ and tariff-related volatility have added pressure, pushing some investors back toward traditional safe ￰6￱ Warn of Rising Wedge Breakdown Technically, Bitcoin’s weekly chart shows a rising wedge pattern, often a bearish ￰7￱ BTC closes the week below $110,000, the structure projects a potential downside target around $74,000, representing a 34% correction. However, long-term metrics such as hash rate and network activity remain strong, suggesting that any deep retracement could offer a buying opportunity for patient ￰8￱ Reading: Is Bitcoin About To See A Repeat Of 2020-2021?

What Happened After The Last Flash Crash For now, Bitcoin’s next move hinges on whether bulls can defend the $110K floor. A strong rebound from here could set the stage for another attempt toward $126K, but failure to hold support risks ushering in a much sharper correction before the next major rally ￰9￱ image from ChatGPT, BTCUSD chart on Tradingview