Bitcoin is at a critical level, holding above $110,000, but facing mounting selling pressure and volatility, with a potential for deeper corrections if momentum fails to return.
Bitcoin is struggling to hold above $110,000, with analysts pointing to a decline in Normalized Address Activity (NAA) as a sign of weakening demand. Bitcoin is currently testing key resistance levels around $115,000, with market sentiment remaining cautious. A failure to break higher could lead to a deeper correction toward $108,000 or lower.