Bitcoin traders say BTC price at ‘make-or-break’ point at $110K
Low Taker-Buy-Sell-Ratio, declining network activity and other bearish factors could pull BTC price below its critical support at $110,000.
Key takeaways:
Bitcoin price needs to hold above $110,000 to avoid further losses.
The Taker-Buy-Sell-Ratio is down to levels last seen in November 2021, when BTC price reached its cycle peak.