Bitcoin Stuck Below $110,000: How Much Upside Has BTC Left?

Bitcoin (CRYPTO: BTC) remains below $110,000, with on-chain data pointing to cautious market sentiment and structural constraints.

What Happened: In its latest market pulse report, Glassnode highlighted Bitcoin dropped sharply from $115,000 to $104,000 last week, triggering a defensive rotation that shook out weaker hands.

A rebound to around $111,000 has occurred, but momentum remains fragile:

  • The RSI is recovering from oversold levels, while cumulative volume delta remains negative.
  • Spot trading volumes have thinned, signaling low conviction.
  • Futures and options …

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