Bitcoin Stalls at $110K—Temporary Pause or Rally’s Last Gasp?

Bitcoin hits a wall at $110K—bulls scramble as momentum wavers. Is this the breather before the next leg up, or are the whales cashing out?

The $110K resistance holds firm. Traders watch for breakout signals while skeptics dust off their ''told-you-so'' memes. Meanwhile, institutional FOMO meets retail bag-holding—classic finance theater.

Key levels to watch: A clean break above $110K could trigger FOMO pumps, while rejection here might invite a 20% haircut. Either way, leverage traders get liquidated. Cue the ''markets remain irrational'' hot takes.

Closing thought: Bitcoin doesn’t care about your charts. It’ll moon when Wall Street least expects it—probably during some Fed chair’s golf vacation.

Bitcoin Price Corrects Gains

Bitcoin price started a fresh increase after it settled above the $105,500 support zone. BTC was able to surpass the $106,500 and $108,000 resistance levels.

The bulls even pumped the price above the $109,200 resistance. A high was formed NEAR $110,375 and the price is now correcting gains. There was a move below the 23.6% Fib retracement level of the upward move from the $105,477 swing low to the $110,373 high.

Besides, there was a break below a bullish trend line with support at $109,450 on the hourly chart of the BTC/USD pair. Bitcoin is now trading above $107,500 and the 100 hourly Simple moving average.

On the upside, immediate resistance is near the $109,250 level. The first key resistance is near the $110,000 level. The next key resistance could be $110,500. A close above the $110,500 resistance might send the price further higher. In the stated case, the price could rise and test the $112,000 resistance level. Any more gains might send the price toward the $115,000 level.

More Losses In BTC?

If bitcoin fails to rise above the $110,000 resistance zone, it could start another decline. Immediate support is near the $108,000 level and the 50% Fib retracement level of the upward move from the $105,477 swing low to the $110,373 high. The first major support is near the $107,350 level.

The next support is now near the $106,550 zone. Any more losses might send the price toward the $105,500 support in the near term. The main support sits at $105,000, below which BTC might gain bearish momentum.

Technical indicators:

Hourly MACD – The MACD is now losing pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.

Major Support Levels – $108,000, followed by $107,350.

Major Resistance Levels – $110,000 and $110,500.