Bitcoin (BTC) Drops Below $110K; Market Hesitates Before Direction

The cryptocurrency market experienced a shift in momentum as Bitcoin (BTC) retreated to around $109,351 today, marking a decline of 1.1% from yesterday’s close at $110,568. This drop comes amid a period of indecision marked by weakened market activity across various timeframes. The current price action sits near its 200-day EMA (~$109K), signifying a temporary loss of direction after last week’s rally.