Bitcoin faces ‘insane’ sell wall above $105K as stocks eye tariff ruling

💡 DMK Insight

Bitcoin’s price action is hitting a wall at $112,000, and here’s why that matters: The presence of a significant sell order wall at this level raises red flags for traders. It suggests that there’s strong resistance, potentially limiting any bullish momentum in the near term. If Bitcoin approaches this level again, expect increased volatility as sellers may step in aggressively, leading to a possible pullback. Traders should monitor volume closely; if it spikes as Bitcoin nears $112,000, it could signal a strong rejection. On the flip side, if Bitcoin manages to break through this wall, it could trigger a short squeeze, pushing prices higher. Keep an eye on related assets like Ethereum, which often follows Bitcoin’s lead. If Bitcoin struggles at this resistance, Ethereum might also face selling pressure. For now, the key level to watch is $112,000; a decisive move above could change the game, while a rejection could lead to a retest of lower support levels. Stay sharp and watch for volume shifts as we approach this critical price point.