Bitcoin Dips Below $116K as Buyers Accumulate and Resistance Builds

Bitcoin is on unstable ground right now, and things could swing either way. Just a few weeks ago, it soared to a new high of $123,000, but now it’s taken a drop to $113,000—erasing those recent gains and leaving a lot of investors feeling the pinch. According to the latest data from Glassnode, Bitcoin has dipped below a crucial support level, and it’s now caught in a risky zone between $110,000 and $116,000.

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