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Bitcoin price faces bearish momentum, dropping below $110K with potential further declines towards $105,500. Key resistance at $112,500 and supports at $108,500 and $106,500 are crucial for future movements.
Dogecoin could retest the $0.21 support zone after a 5.8% drop, triggered by Bitcoin's decline below $112k, indicating bearish pressure.
Bitcoin's recent rally has been slowed by old-school 'whale' moves, as these deep-pocketed holders continue to exert influence over price. Major transfers and strategic positions contribute to market fluctuations.
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