Analysis: Bitcoin faces resistance near $110K as market shows signs of caution

Bitcoin is struggling to hold above $110,000 as buying momentum weakens and selling pressure builds, CoinDesk reported, citing FxPro Senior Market Analyst Alexander Kuptsikevich. While dip buyers are stepping in near the 50-day moving average, selling activity remains strong. Kuptsikevich noted that capital is still moving further above the 200-day moving average, reflecting a bullish market stance. However, he warned that any negative shift in market tone could trigger rapid profit-taking.

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