Bitcoin Price Analysis: BTC at Critical Point for Bull Run Continuation

Bitcoin’s price is currently sitting at a crucial level that could shape market direction in the coming ￰0￱ and sellers are locked in a tight battle, and the market appears to be standing on the edge of a potential ￰1￱ Price Technical Side By Shayan The Daily Chart On the daily chart, Bitcoin has recently slipped below the large ascending channel that had been driving its uptrend over the past few ￰2￱ failure to hold above $120K is a bearish signal, and with the $110K support and the 100-day moving average now at risk of breaking, the market could be heading for a sharp drop toward the $100K zone, where the 200-day moving average also ￰3￱ RSI is holding below 50, further confirming bearish momentum and strengthening the case for continued ￰4￱ this stage, only a strong wave of buying pressure could prevent a deeper decline and stabilize the ￰5￱ 4-Hour Chart The 4-hour chart shows a clear fake breakout and rejection around the $116K resistance, signaling that even the anticipation of lower interest rates has not been enough to spark a new ￰6￱ is a bearish sign, as markets failing to react positively to good news often suggest underlying weakness.

Currently, the $111K support is breaking down, which could pave the way for a swift decline toward the critical $100K ￰7￱ the previous accumulation between $105K and $110K may generate some buying interest and temporary support, the overall market structure points to a higher probability of further downside. On-Chain Analysis Miner Reserve (30-Day Moving Average) Bitcoin miners have been consistently selling their holdings over the past couple of years, mainly to cover operational ￰8￱ expected, this steady outflow adds extra selling pressure to the market, which can weigh on price ￰9￱ recent days, the decline in miner reserves has accelerated, signaling an increase in selling ￰10￱ surge in supply is likely one of the factors contributing to the recent downturn following Bitcoin’s new all-time high a few weeks ￰11￱ this trend continues and demand fails to absorb the additional supply, the market could face deeper downside pressure.