Bitcoin Trend Analysis

The latest BTC price is approximately $110,000-$115,000. According to data, the recent decline is around 3%. Technical indicators: the RSI is around 45, indicating a neutral to slightly bearish state; trend indicators (such as ADX) are at a moderate strength level. On-chain and cost basis analysis shows that the price is approaching the average cost range of buyers from the last 1-3 months, creating potential resistance. Key support and resistance levels: Resistance is around $113,000-$115,000; support is around $106,000-$110,000. Upside scenario: If BTC can break through the $113,000-$115,000 resistance with increased volume, it may surge towards $120,000 or higher in the short term. Downside scenario: If it fails to break through the resistance and falls below the $106,000-$110,000 support, a pullback or even a deeper correction is possible. On-chain data shows that selling pressure may increase when prices are trading below cost. Consolidation is likely: Given the neutral indicators, the market may remain in a consolidation phase, fluctuating between the aforementioned support and resistance levels, awaiting new catalysts (such as macroeconomic policies, ETF liquidity, and regulatory news).