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<ul class="wp-block-list news-points">
 <li>Technical Reversal: Analyst Dave the Wave identifies $110K as the invalidation point for the current downtrend, with major support at $70K–$75K.</li>
 <li>Fed Liquidity: The Federal Reserve executed its third consecutive rate cut this week, historically a precursor to risk-asset repricing.</li>
 <li>On-Chain Capitulation: Short-Term Holders have been underwater for 45 days, a duration that typically signals seller exhaustion and a local bottom.</li>
</ul>
Bitcoin shot up 2% in the past 24 hours, even though the coin still sits more than 10% lower on the monthly chart. Analyst Dave the Wave noted that the price now trades in the mid-90K zone, under a clear descending resistance line.
In a chart, the analyst <a href="https://x.com/davthewave/status/1997749168874586376" rel="noopener noreferrer nofollow">pointed to</a> a long-term structure with an orange trendline overhead that marks a multi‑year resistance area, while green and white rising trendlines below guide support toward the 70K–75K…
Read The Full Article <a href="https://coinedition.com/bitcoin-price-today-defends-macro-support-110k-breakout-needed-to-end-correction/" rel="noopener noreferrer nofollow">Bitcoin Defends Macro Support: $110K Breakout Needed to End Correction</a> On <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Bitcoin Defends Macro Support: $110K Breakout Needed to End Correction

Coin Edition

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