Bitcoin Price Coiling Up — Is a Surge Past $110K on Deck?
Bitcoin price started a fresh increase above the $107,500 zone. BTC is now consolidating and might struggle to continue higher above the $110,000 resistance.
Bitcoin’s price has fallen more than 22% from its all-time high of over $109,000, recorded on January 20, the day of US President Donald Trump’s inauguration. The sharp decline has sparked concerns among investors, with several key technical indicators signaling bearish momentum.The downturn comes as new liquidity inflows slow, which has prompted speculation that the latest bull cycle may be coming to an end.
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