Bitcoin remains under pressure as consolidation tightens, with key support near $110,000 and resistance around $112,580 shaping its short-term trajectory.
Bitcoin is consolidating below $111,000 after peaking near $113,500. The cryptocurrency tested lows around $110,039 and faces immediate resistance at $111,250 and $111,700, with further barriers at $112,580 and $113,500. Support levels stand at $110,500, $110,000, and $109,350, with risks of decline toward $108,500 or $107,500 if resistance zones hold. Technical indicators show weakening momentum, as the MACD is losing strength in the bullish zone and the RSI remains below 50.