Bitcoin (BTC) has recovered well after Monday’s crash, when it fell to an intraday low of $109,275. The flagship cryptocurrency fell even lower on Tuesday, dropping to $108,670. However, it rebounded from this level as market sentiment improved, thanks to traders shrugging off risk.
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Bitcoin is holding steady above $111K as institutional inflows from ETFs and corporate treasuries bolster confidence, even as technical signals warn of ongoing fragility. With resistance at $116.6K and support near $110K, the market sits at a pivotal crossroads where sustained institutional demand could tip the balance in favor of bulls.
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Subarna is a graduate of Mechanical Engineering. She loves cats, art, and crypto - in that order. She is a passionate writer and a voracious reader.
