Bitcoin Faces Bearish Pressure Near $111K Support After Failing to Extend All-Time Highs
October 17, 2025 · 4:00 AM
Bitcoin (BTC) is currently testing critical support levels above $111,000 after a recent decline from its all-time high of over $126,000, reflecting a nearly 9% drop in weekly performance. Traders are uncertain whether this pullback indicates a deeper correction or a healthy consolidation phase. Technical indicators suggest downward pressure, with key support zones identified between $107,000 and $110,000.
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