‍Bitcoin Reclaims $110K Amidst Fragile Market Structure

Bitcoin (BTC) has reclaimed the $110,000 mark, rising 2.4% in 24 hours. However, Glassnode warns the market structure remains "fragile." For sustained recovery, BTC must establish the $110,500-$112,000 zone as new support.

Market sentiment shows subdued demand, with spot trading volume down 9% and open interest in futures decreasing. Traders are adopting a "defensive stance."

Key levels to watch: resistance at $110,500, and support at $108,000, $107,300, and $105,300. A break above $112,000 is crucial for targeting new all-time highs. Failure to hold support could lead to a drop towards $100,000.

https://cryptovka.ru/en/news/4383/bitcoin-reclaims-110k-is-this-recovery-built-to-last