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Bitcoin at a Turning Point: Rebound or Drop to $100K?
Bitcoin is walking a tightrope. After losing nearly 2% in the past few hours, the price is collapsing down to $110,800, right at the critical support zone everyone is watching.
What’s happening now
The bulls tried to break $112K several times but were rejected. Now, BTC needs to reclaim $114K on the daily chart to show that the bullish trend is still alive. If it fails, analysts warn that the path could open toward $105K–$100K—a deeper corrective move.
Support at $110K: Defense line or mirage?
Good news: $110K is a high-volume level, meaning many buyers are betting here. But staying still isn’t enough—Bitcoin needs to break resistance between $113.6K–$115.6K to have a chance to reach $118K+.
The gold factor: The uncomfortable competition
While BTC wobbles, gold is gaining ground against crypto and stocks. Investors are fleeing to safety due to:
In other words: if macro conditions turn sour, gold wins, crypto loses.
The next move
Bullish scenario: BTC holds $110K → attempts resistance again → open path to $118K+
Bearish scenario: Fails at $110K → quick drop to $100K → deeper correction
Volatility is guaranteed. All eyes are on this psychological level.