Bitcoin shows resilience on Wednesday, rebounding near the 200-day EMA and forming a hammer after earlier weakness. Analysts highlight $110,000 as key resistance and $100,000 as critical support, expecting continued volatility and possible sideways movement in the short term. The Bitcoin market initially fell significantly during the trading session but has turned around to show signs of support. By bouncing the way it has, it looks like we are hanging around the 200-day EMA and is forming a bit of a hammer. It's worth noting that the previous candlestick was a shooting star, so I think all things being equal, this ... (full story)