BTC Price Recovery Gains Momentum as Bulls Defend $110K
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Bitcoin has bounced back above $110,000, recovering from a brief sell-off earlier in the week.
At press time, BTC trades near $109,900, up nearly 2% in 24 hours, with its market cap topping $2.19 trillion and daily volume above $66 billion, according to CoinMarketCap.
The charts show Bitcoin attempting to build support above $110,000 after defending lows near $108,000. The RSI sits at 46, signaling neutral momentum, while the MACD remains slightly bearish but is showing signs of recovery. Analysts say a bullish crossover could spark short-term upside if buyers sustain pressure.
Crypto analyst Ali highlighted $112,340 as the next major resistance level, where many coins last changed hands. A breakout above that zone could open the path toward $115,000–$118,000.
Despite the recent volatility, Bitcoin remains comfortably above its 50-day moving average, a trendline that has historically marked accumulation zones. As long as BTC holds above $110,000, analysts believe the broader bullish structure remains intact, with potential for another rally heading into November.
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