<ul><li>Bitcoin is currently trading below key moving averages, indicating a short-term bearish trend as it struggles to maintain momentum.</li><li>Technical indicators such as RSI and MACD suggest oversold conditions and continued bearish momentum in the Bitcoin market.</li><li>Low trading volume at $383.4 billion compared to the average of $1.425.44 trillion could signal a potential sharp move in Bitcoin's price.</li><li>Key resistance at $111,980.00 and support at $106,800.00 are crucial levels to watch for potential breakout or reversal, while caution is advised due to the strong trend indicated by the ADX.</li></ul>

Bitcoin Falters Under Moving Average Pressure – Is The Bear Menu Back On?

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