Bitcoin Experiences Moderate Pullback, Key Support Holds

Bitcoin’s recent peak has been met with a 8% decline in price. This correction brings the asset closer to key support levels that historically provide stability. These include the 111-day Simple Moving Average (SMA) at $109.6K and the Short-Term Holder (STH) Realized Price at $106.8K. These combined form a strong demand zone between $107K and $110K, where buying pressure may be observed. 8% decline from peak is relatively moderate considering market volatility. This pullback provides an opportunity for Bitcoin to stabilize or rebound.