Bitcoin is entering a pivotal moment after failing to secure a close above its highly monitored $125,000 history. Rejection at this level led to a sharp setback, with the Bulls defending the critical demand zone around $110,000-112,000. This range is considered a line in the sand where BTC can determine whether it will resume its bullish trajectory or face deeper integration.
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Market analysts remain divided. Some emphasize the resilience of buyers who continue to absorb sales pressure and maintain higher lows. However, others warn that if they don’t regain momentum, they can quickly give the bears an edge and accelerate their fixes.
Top analyst Axel Adler expressed his caution and noted that a large seller appeared in the central exchange in recent sessions. According to Adler, these sellers appear to lack a proper execution strategy, such as TWAP (time-weighted average price).
Despite these red flags, the overall CEX Netflow remains green, indicating that the buyers are still in control for now. But Adler warns there is a balance shift: As sellers continue to increase their presence, buyers can quickly rise in numbers, potentially tilting Bitcoin towards a more prominent recession.
Bitcoin Bulls face tests as Focus moves to Etherm
According to Axel Adler, this stage of the Bitcoin cycle is changing. dynamics of institutional and corporate interests. Adler points out: Saylor & Co. It mentions Michael Saylor and other well-known corporate investors who have historically supported Bitcoin at major levels. However, Adler emphasizes that there is a clear shift in the attention of the corporate sector.
This Ethereum madness, fueled both whale accumulation and institutional influx, is contributing to Bitcoin’s current food stall. ETH is gathering towards new highs and capturing market liquidity, but BTC has been integrated and did not generate the same momentum seen at the beginning of the year. For many analysts, this isn’t necessarily bearish. It reflects the rotation of capital within the crypto ecosystem.
From a technical standpoint, Bitcoin is testing its previous Aszone as support. This is an important level the Bulls have to defend. Keeping this range allows you to verify that the current integration is healthy before the new push is high. However, failures here could open the door to deeper corrections, especially if capital rotations to ETH continue at the current pace.
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Testing support at a critical level
The daily Bitcoin chart shows prices under pressure after a sharp drop above $123,000 after failing to maintain momentum. BTC is currently trading at nearly $111,829, surpassing the 100-day moving average of $111,567. This has emerged as important short-term support. The $116,544 50-day moving average has reversed to resistance after last week’s breakdown, highlighting a strong bullish structure.
This zone is definitely about $111k-$112,000. You could open your doors near the confirmed area below for a deeper downside and target a 200-day moving average of nearly $100,866. The advantage is that to regain momentum, the Bulls will need to regain the $1,15,000-$1.16 million region and set up another attempt at a $123,000 ATH.
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The price measures show sellers are in recent control, as reflected by their successive highs and failure to hold demand above $115,000. However, as long as BTC maintains 100-day MA, the wider uptrend will remain intact, suggesting that this could develop into a consolidation phase rather than a complete inversion.
Dall-E special images, TradingView chart
