Bitcoin Reclaims $110,000 After Bloody Thursday For Ethereum, XRP, Dogecoin

Bitcoin has reclaimed the $110,000 level after four straight days of losses caused $872.33 million across 218,161 traders on Thursday.

Spot ETFs saw heavy outflows, with Bitcoin funds losing $488.4 million and Ethereum funds $184.3 million.

Eyes Glued!

Ted Pillows noted that Bitcoin briefly fell below $107,000 before reclaiming it, though it continues to struggle above $110,000, a sign of potential weakness.

A move above $112,000 is needed to spark a broader recovery, while failure to do so could risk a drop below $100,000.

Lennaert Snyder highlighted that Bitcoin swept liquidity under $106,667 before rebounding.

He sees $111,300 as the next key resistance …

Full story available on Benzinga.com