Bitcoin has recently pulled back from highs near $115,000 to around $109,300, raising concerns about weakening bullish momentum. Critical support levels at $111,400 and the broader $104,000–$108,000 zone are pivotal for sustaining recovery, while a long-term floor at $60,000 remains under scrutiny. Market sentiment is influenced by cautious stance following Federal Reserve rate decisions and mixed economic data. Institutional moves like BlackRock's significant BTC purchase and introduction of a Bitcoin Premium Income ETF highlight sustained confidence amid retail hesitation. Technically, Bitcoin is struggling under resistance near $113,000, with bearish patterns suggesting potential further downside. Alongside this, Bitcoin Hyper ($HYPER) emerges as a promising Bitcoin-native Layer 2 solution on Solana, aiming to enhance scalability and smart contract capabilities within the Bitcoin ecosystem.
Continue to read Bitcoin Faces Key Support Tests Amid Institutional Confidence and Technical Challenges
Bitcoin has recently pulled back from highs near $115,000 to around $109,300, raising concerns about weakening bullish momentum. Critical support levels at $111,400 and the broader $104,000–$108,000 zone are pivotal for sustaining recovery, while a long-term floor at $60,000 remains under scrutiny. Market sentiment is influenced by cautious stance following Federal Reserve rate decisions and mixed economic data. Institutional moves like BlackRock's significant BTC purchase and introduction of a Bitcoin Premium Income ETF highlight sustained confidence amid retail hesitation. Technically, Bitcoin is struggling under resistance near $113,000, with bearish patterns suggesting potential further downside. Alongside this, Bitcoin Hyper ($HYPER) emerges as a promising Bitcoin-native Layer 2 solution on Solana, aiming to enhance scalability and smart contract capabilities within the Bitcoin ecosystem.
Continue to read Bitcoin Faces Key Support Tests Amid Institutional Confidence and Technical Challenges
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