Bitcoin Price Struggles to Clear $110,000 Resistance Level
Bitcoin Price Update
- Bitcoin price is above $107,800 and the 100 hourly Simple Moving Average.
- Recent high reached near $110,375; currently correcting gains.
- Support levels: $108,000 and $107,350; major support at $105,000.
- Resistance levels: immediate at $109,250, key at $110,000 and $110,500.
- A close above $110,500 could target $112,000 and potentially $115,000.
- If unable to break $110,000, potential declines towards $106,550 or lower.
Technical indicators show MACD losing momentum and RSI below 50.