Bitcoin Price Could Stall Near $106K, Facing Potential Fall to $100K

Bitcoin’s price currently hovers around $110,700 after losing support at $112,000. This shift has transformed the level into resistance, signaling a decline in buyer momentum and highlighting a recent shift from bullish to bearish trends. 2 previous attempts to break past $124,000 failed, leading to a trend of lower highs and lows – generally a bearish indication. Bitcoin price data suggests a possible short-term pullback with support levels near $109,000-$108,000, with subsequent technical support at $106,000 and $100,000. )