The Daily Chart

The Daily Chart

Bitcoin’s bullish rally toward its all-time high of $111K has shown signs of exhaustion, with the price losing momentum near this key resistance. The inability to reclaim the previous high around $110K suggests the potential formation of a double-top pattern, a classic bearish reversal signal.

Currently, BTC is consolidating within a critical price range, bounded by the $111K ATH and a fair value gap between $103K and $104K. Given the visible weakness in bullish momentum, a short-term rejection and further consolidation within this zone are likely. That said, the FVG may act as a significant demand zone, potentially halting any deeper corrections and providing the base for another upward attempt toward the $111K mark