Bitcoin Price Watch: Can Bulls Regain Control Above $112K?
2025-07-10 13:41:55
Main Idea
Bitcoin's price is consolidating between $110,936 and $111,110, with potential for bullish momentum if it reclaims $112,000, but risks a retracement if support fails.
Key Points
1. Bitcoin fluctuated between $110,936 and $111,110, with a broader intraday range of $108,644 to $111,742, indicating consolidation.
2. The price recently peaked at $112,040 but shows indecision in candle formations around $112,000, suggesting caution for traders.
3. A break below $110,500 could signal a retracement, while reclaiming $112,000 with volume may reignite bullish momentum.
4. Technical indicators like RSI (61), Stochastic (81), and MACD (1,235) show neutrality but with residual bullish pressure.
5. Moving averages (10-period EMA at 109,128, 200-period EMA at 95,968) support a bullish bias, reinforcing the upward trend.
Description
Bitcoin fluctuated between $110,936 and $111,110 over the last hour, reflecting a tightening trading range. With a market capitalization of $2.20 trillion and 24-hour trading volume of $39.70 billion, bitcoin’s price maneuvered within a broader intraday range of $108,644 to $111,742, suggesting a consolidative tone after a recent rally. Bitcoin On the daily chart, bitcoin‘s
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