💣 Support Shattered? Bitcoin Teeters as $110K Gives Way Bi
Stevie_Dennis
Updated at: 2 hours ago
{"content":"💣 Support Shattered? Bitcoin Teeters as $110K Gives Way
Bitcoin is headed down below $112,500. BTC is struggling and may fall below $105,500.
Bitcoin fell below $112,000 again.
The price is below $112,000 and the 100-hour SMA.
The hourly BTC/USD chart shows a negative trend line with resistance around $112,500.
Bitcoin fell again after closing below $113,500. Bearish momentum pushed BTC below $112,000.
Price fell below the $110,000 support zone and 100-hourly Simple moving average. They tried $108,750. Price has fallen to $108,734 and is trying to rebound. It rose over $109,500 but remains below the 23.6% Fib retracement level of the latest slide from $117,354 swing high to $110,692 low.
Bitcoin has fallen below $112,000 and the 100-hour SMA. Near $110,750 is immediate upward barrier. First major resistance is at $112,500. The hourly BTC/USD chart shows a negative trend line with resistance around $112,500.
$113,000, the 50% Fib retracement of the current slide from the $117,354 swing high to the $110,692 low, may be next resistance. A closing above $113,000 barrier might boost prices.
The price may soar to $114,500 resistance. More advances might push the price toward $115,500. The goal may be $116,500.
Another BTC Drop?
Bitcoin may fall again if it fails to break $112,000 barrier. Support around $108,500 is immediate. Near $107,200 is the first big support.
Around $106,500 is the next support. More losses might push the price toward $105,500. BTC may go below $103,500, its primary support.
The technical indications
Hourly MACD - The negative zone is strengthening.
Relative Strength Index hourly BTC/USD RSI is below 50.
Major Support Levels: $108,500, $117,200.
Major Resistance: $110,500, $112,500.
#BTCWhalesMoveToETH #BTC #MarketPullback #Write2Earn $BTC ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025082025/08/26/9a74045ec0f24c8ba2aa779e74aba19f.png"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}