{"id":7655,"date":"2025-10-17T05:00:19","date_gmt":"2025-10-17T05:00:19","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bitcoin-faces-bearish-pressure-near-111k-support-after-failing-to-extend-all-time-highs\/"},"modified":"2025-10-17T05:00:19","modified_gmt":"2025-10-17T05:00:19","slug":"bitcoin-faces-bearish-pressure-near-111k-support-after-failing-to-extend-all-time-highs","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bitcoin-faces-bearish-pressure-near-111k-support-after-failing-to-extend-all-time-highs\/","title":{"rendered":"Bitcoin Faces Bearish Pressure Near $111K Support After Failing to Extend All-Time Highs"},"content":{"rendered":"

Bitcoin (BTC) is once again testing critical support above $111,000, with traders debating whether the recent pullback marks the start of a deeper correction or a healthy consolidation before the next leg higher.<\/p>\n

After touching an all-time high above $126,000, the world\u2019s largest crypto asset has shed nearly 9% on the weekly charts, reflecting waning momentum amid broader market uncertainty and renewed U.S.\u2013China trade tensions.<\/p>\n

\"bitcoin<\/p>\n

Bitcoin Tests Key Support as Momentum Fades<\/strong><\/h2>\n

Currently, Bitcoin is trading around $111,300, down roughly 1% in 24 hours, after briefly dipping to an intraday low of $110,292. Technical indicators show the asset under pressure, with the 20-day and 50-day moving averages turning lower and a bearish crossover emerging on the MACD.<\/p>\n

The Relative Strength Index (RSI) has fallen to the mid-40s, signaling cooling buying strength and the potential for further downside if support fails.<\/p>\n

Analysts are eyeing $107,000\u2013$110,000 as the crucial short-term demand zone. A decisive break below this area could open the path toward $100,000, while a bounce above $115,000\u2013$123,000 would be needed to restore bullish sentiment.<\/p>\n

\u201cBitcoin\u2019s structure suggests fatigue at the top, with a potential double-top formation visible around $126,000,\u201d one market analyst<\/a> noted. \u201cA weekly close below $110K would likely trigger broader profit-taking.\u201d<\/p>\n

Whales Turn Cautious, Bitcoin ETF Inflows Slow<\/strong><\/h2>\n

On-chain data indicates that BTC whales have increased short exposure, signaling caution among large holders.<\/p>\n

This aligns with reports of falling ETF inflows<\/a>, which declined by over $223 million this week after surging more than $2.7 billion the week before. Analysts suggest this cooldown reflects a pause in institutional demand following months of aggressive accumulation.<\/p>\n

Meanwhile, traders are closely watching macro developments, as gold\u2019s rally to a record $4,200 has drawn some capital away from Bitcoin\u2019s \u201cdigital gold\u201d narrative. Weak U.S. data and tariff-related volatility have added pressure, pushing some investors back toward traditional safe havens.<\/p>\n

Analysts Warn of Rising Wedge Breakdown<\/strong><\/h2>\n

Technically, Bitcoin\u2019s weekly chart<\/a> shows a rising wedge pattern, often a bearish setup. If BTC closes the week below $110,000, the structure projects a potential downside target around $74,000, representing a 34% correction.<\/p>\n

However, long-term metrics such as hash rate and network activity remain strong, suggesting that any deep retracement could offer a buying opportunity for patient investors.<\/p>\n

For now, Bitcoin\u2019s next move hinges on whether bulls can defend the $110K floor. A strong rebound from here could set the stage for another attempt toward $126K, but failure to hold support risks ushering in a much sharper correction before the next major rally begins.<\/p>\n

Cover image from ChatGPT, BTCUSD chart on Tradingview<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) is once again testing critical support above $111,000, with traders debating whether the recent pullback marks the start of a deeper correction or a healthy consolidation before the next leg higher. After touching an all-time high above $126,000, the world\u2019s largest crypto asset has shed nearly 9% on the weekly charts, reflecting waning…<\/p>\n","protected":false},"author":1,"featured_media":7656,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[245],"tags":[22,28,32,35],"class_list":["post-7655","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-bitcoin-news","tag-btc","tag-btcusd"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/7655","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=7655"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/7655\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/7656"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=7655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=7655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=7655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}