Bitcoin continues to face selling near the $110,500 level, indicating that the bears are vigorously defending the level. A positive sign in favor of the bulls is that they have not allowed the price to dip below the moving averages. That suggests the bulls are hanging on to their positions and not hurrying to book profits. Analysts point out that the bands in the Bollinger Bands indicator are getting squeezed, suggesting a sharp move may be around the corner. Bollinger Bands creator John Bollinger said in a post on X that Bitcoin could be “setting up for an upside breakout.” Investors have not given up as they ... (full story)