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Bitcoin Nears Key Threshold With Eyes on PCE Data Amid Mounting Technical Pressure

Pelican Press

By Pelican Press,
in World News

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we highlighted $117,000 as resistance and $114,600 as support for . The price failed to stay above $117,000 and quickly dropped below $114,600, triggering stronger selling. Buyers tried to step in around the $111,000 support, but demand was weak, and the price slid further to about $109,000 yesterday. This confirmed that Bitcoin could not hold the $114,600 level, and the bullish setup did not…

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