Bitcoin May Test $110,570 as BTC Drifts Toward $110K–$112K Range After 1.9% Decline

• BTC near-term outlook: Trading sideways with bearish bias toward $110,000 support.

• Key levels: immediate resistance ~$112,000; nearest support $107,389; critical support $100,426.

• Market data sources: CoinStats and TradingView price and chart signals (plain text references).

Bitcoin price today: BTC trading near $110,900, short-term bearish; monitor $107,389 support and $112,000 resistance — read updates from COINOTAG.

What is the Bitcoin price outlook this weekend?

Bitcoin price today is showing a mild decline, down roughly 1.89% over the past 24 hours with the market leaning toward support testing near $110,570. Short-term momentum is bearish on hourly charts, while higher time frames remain undecided, implying likely range-bound action between $110,000 and $112,000.

The rates of most coins are falling at the beginning of the weekend, according to CoinStats. Market participants should front-load risk management plans and watch intraday support and resistance closely.

Top coins by CoinStats

How has BTC moved in the last 24 hours?

Bitcoin (BTC) has declined by 1.89% over the last day. Volume and hourly indicators show more bearish pressure than bullish, placing the price closer to short-term support than resistance.

Image by TradingView

On the hourly chart, the rate of BTC is nearer to support and may test $110,570 within the next 24 hours if bearish momentum persists. Traders should watch for a decisive candle close below $110,000 to confirm further downside.

Image by TradingView

Why might sideways trading continue?

Neither buyers nor sellers have seized clear control on higher time frames, which supports a continuation of sideways trading between $110,000 and $112,000. Consolidation is consistent with mixed indicator signals on daily charts.

Market attention should focus on order flow around $107,389; a breakdown there could open a midterm decline toward $100,426. These levels reflect recent swing lows and are referenced from TradingView chart analysis (plain text reference).

How should traders manage risk now?

Use defined stop-loss levels and position sizing to limit downside if BTC breaches $107,389. For range traders, consider short-term mean-reversion strategies between $110,000 and $112,000 with tight risk controls.

Frequently Asked Questions

What are the nearest support and resistance levels for BTC?

Nearest resistance sits near $112,000; short-term support is around $110,570. Midterm support to watch is $107,389, with a deeper support at $100,426 if momentum worsens.

How much did Bitcoin move in the last 24 hours?

Bitcoin fell approximately 1.89% in the last 24 hours. Short-term indicators from TradingView point to increased bearish pressure on hourly time frames.

Key Takeaways

• Short-term bias: BTC shows mild bearish momentum; expect possible test of $110,570.
• Range likely: Sideways trading between $110,000–$112,000 while higher time frames remain indecisive.
• Risk management: Monitor $107,389 and $100,426 for midterm support; use defined stops and sizing.

Image by TradingView

Conclusion

This COINOTAG update shows the Bitcoin price trading near $110,906 with a short-term bearish tilt but no decisive long-term breakout. Traders should prioritize risk controls and monitor the highlighted levels for confirmation. Check back for timely updates as on-chain and chart signals evolve.