<ul><li>Bitcoin surged to nearly $111,900 before experiencing a pullback, leading to fresh sell signals.</li><li>Traders are watching key support levels to determine if this is a retest or the start of a larger correction.</li><li>Bitcoin's current price is around $110,402, with the SuperTrend indicator at a critical level.</li><li>Recent activity suggests increased selling pressure and potential profit-taking at the $111.9K mark.</li><li>Key resistance levels include a short liquidation zone from $111,800 to $112,300.</li><li>Support areas at $110,000 to $109,200 and $108,000 to $106,300 are crucial for potential bullish moves.</li><li>Despite short-term uncertainty, institutional demand for Bitcoin ETFs remains strong.</li><li>Market sentiment suggests a positive outlook, but a breakdown below $110,000 could lead to a retracement.</li><li>If Bitcoin maintains levels above $110,000, retesting $112,000 is possible; otherwise, a correction may occur.</li><li>Focus remains on volume, liquidation data, and support levels to anticipate Bitcoin's next moves.</li></ul>

Bitcoin Faces Pivotal Test at $110K After Peaking at $111.9K: Rally Pause or Start of a Pullback?

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