*BTC Continues to Slide — Global Risk Sentiment Pressures Crypto Markets*
Bitcoin is under pressure again, falling further below key support levels. The bearish momentum remains strong as risk aversion grips global markets.
- *BTC dropped below 112,500 and112,000*, entering bearish territory.
- Price is trading *below the 100-hour SMA*, signaling continued weakness.
- A *downward trendline* is forming with resistance near *111,500* on the hourly chart.
- If BTC breaks below *108,800*, further losses are likely.
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*Bitcoin Price Outlook*
After failing to hold above 113,500, Bitcoin started a fresh decline. It slipped:
- Below112,500 and 112,000
- Through the **61.8106,718 low to 116,310 high)
The trend now shows bearish strength, with key resistance zones ahead:
- *Immediate resistance*:111,500
- *Major hurdle*: 112,500
- A *strong close above112,500* could trigger a bounce towards 113,200 and even115,000+
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*Downside Risk Still Dominates*
If BTC fails to reclaim 112,500:
- *Support at 110,000* comes into play
- Next key level: *108,800* (76.4
- Below that: *108,000* and *106,500*
- Deeper losses could drag price toward *103,500*, a critical support zone
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*Key Levels to Watch:*
- *Support*: 108,800,108,000, 106,500
- *Resistance*:111,500, 112,000,112,500
Stay cautious — the bears are still in control.
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