BTC Price once again failed to break from resistance

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BTC Price once again failed to break the 112K resistance and is now consolidating around the 110K level. A breakdown below 110K support could trigger further sell-side pressure If confirmed, the next key downside target lies at 106K, which remains a strong support zone within the current downtrend cycle.

Fundamental Outlook:

Despite the short-term bearish technical setup, the broader fundamental background remains positive. If support levels hold, the market may stabilize and potentially resume an upward move in line with the longer-term bullish narrative.

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