📉 Bitcoin's Latest: At the Threshold of Critical Support

The price of Bitcoin (BTC) has declined by more than 2.5% in the last 24 hours, fluctuating between $111,661 and $115,540. The current price is around $112,400. As selling pressure in the market intensifies, investors are keeping an eye on critical support areas.
🔎 Reasons for the Decline

1. Profit Taking: Following attempts above $117,000, investors' profit-taking increased.

2. Liquidation Pressure: Liquidation of leveraged long positions, in particular, accelerated the decline.

3. Macroeconomic Uncertainty: US interest rate policies, inflation data, and global market risk appetite are putting pressure on Bitcoin.

4. Technical Breakouts: The downward movement has gained momentum as the $114,000 support level weakens.

📊 Technical Outlook

Support: $110,000 – $111,000

Resistance: $117,000 – $118,000

Short-Term Indicators: Indicators approaching oversold zones suggest that reactionary buying may be imminent.
📌 Possible Scenarios

Recovery: With a strong hold in the $111,000 area and positive macro news, the price could rise above $117,000 again.

Deepening Decline: If $111,000 is broken, panic selling could lead to a test of $105,000.

Sideways Movement: The price could remain trapped in the $111,000 – $115,000 range for a while.
📰 Current News Feed

A large amount of long positions were liquidated.

The strengthening of gold and precious metals suggests that investors are seeking safe havens.

Regulatory uncertainties are increasing the cautious approach to the crypto market.

🎯 Conclusion

Bitcoin is at a critical juncture. If the support level in the $110,000-$111,000 range holds, there is a chance for a short-term recovery. However, if this level is lost, a new downward wave could be imminent.

> “BTC is testing support zones! The price below $111,000 could trigger new selling pressure. Investors should be mindful of short-term volatility.”
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