Bitcoin Trades Below Resistance After $113K Rejection
Bitcoin is trading at $110,709, holding steady after repeated failures near the $113,000 resistance zone. The market capitalization sits at $2.20 trillion, with daily trading volume at $44.74 billion. Intraday movement remains narrow, oscillating between $110,339 and $113,225.
This consolidation keeps the leading cryptocurrency 10.8% below its all-time high from August 14, 2025. For traders, the key question is whether buyers can regain control or if sellers will press the advantage toward lower support levels.
Daily Chart Shows Bearish Bias
On the daily timeframe, bitcoin continues to post a pattern of lower highs and lower lows. The most recent swing high at $124,517 contrasts with a swing low at $107,270, forming the boundaries of the current range.
A volume spike near the $112,000 area suggests distribution, with momentum stalling below resistance. Unless BTC can reclaim $112,500–$113,000 on strong buying pressure, the overall directional bias remains bearish.
Four-Hour Chart Confirms Key Levels
Shorter-term charts reinforce the bearish narrative. On the four-hour chart, Bitcoin’s durable support stands at $107,270, while repeated rejection at $113,402 signals persistent supply.
The latest rejection produced a sharp red candle on high volume, a sign of aggressive selling. Consolidation around $111,000 reflects market indecision, but analysts caution that resistance at $112,000–$113,400 remains the defining battleground for bulls and bears.
Recommended Article: Bitcoin Challenges Gold and U.S. Dollar Amid Fed Crisis Warning
One-Hour Chart Highlights Descending Triangle
The hourly chart paints an even clearer picture of weakness. After slumping from $113,402 to near $110,226, BTC has moved sideways without strong bullish volume. The intraday pattern shows lower highs pressing into a flat support zone near $110,500.
This descending triangle setup often resolves downward. A breakdown through $110,200–$110,000 would likely accelerate losses back toward $107,270, making this a critical level to watch closely in the coming days.
Indicators Provide Mixed Readings
Technical oscillators are mostly neutral at present. The relative strength index (RSI) stands at 44.6, while Stochastic sits at 36.7, both reflecting indecision. Other indicators like the CCI (−36.5), ADX (17.4), and AO (−3,197.9) also suggest muted momentum.
However, two upside signals emerge. Momentum (MOM) at −578.0 and MACD at −1,427.9 lean bullish, suggesting the potential for recovery if resistance breaks. These signals offer hope to buyers despite broader market neutrality.
Moving Averages Skew Bearish
Short- and medium-term moving averages favor bears. The 10-, 20-, 30-, and 50-period EMAs and SMAs all sit above current prices, confirming downside pressure. For instance, EMA (20) at $111,966 and EMA (50) at $113,094 highlight resistance zones.
Long-term averages, however, are more supportive. The 200-day EMA at $104,458 and 200-day SMA at $101,689 remain firmly bullish, showing b
