📉 || Bitcoin Price Slips Into Critical Support Zone – Can Bulls Defend $110K?

The Bitcoin market has entered a fragile stage as the price slipped below $110K, sparking concerns among traders and analysts. Despite fresh U.S. jobs data and rising optimism in traditional markets, BTC failed to maintain momentum, leaving investors questioning whether the $100K retest is next or if bulls will mount a comeback.

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✦ Bitcoin Fails to Overcome Resistance

BTC price fell over 2% daily, dipping below $109,500.

Resistance around $112K once again rejected bullish attempts.

Analysts warn that unless $114K is reclaimed, BTC moves may remain bull traps.

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✦ “Critical Support” Now at $110K

Market insight firm Swissblock highlighted $110K as a key high-volume support area.

Below this level, BTC risks sliding toward the psychological $100K zone.

To the upside, Bitcoin faces multiple resistance layers:

$113.6K–$115.6K gate.

$118K heavy resistance ceiling.

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✦ Gold Shines as Bitcoin Struggles ✨

While BTC faltered, gold surged to new highs, outperforming both crypto and stocks.

Analysts cite inflation concerns and deficit spending as key drivers for gold’s breakout.

Trading firm Mosaic Asset warned the Fed may only deliver a “one-and-done” rate cut, limiting upside for risk assets.

Gold is increasingly seen as the global safe-haven asset, pulling investor capital away from BTC.

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✦ Macro Environment Favors Traditional Assets

Weakening U.S. job data increased expectations of a Federal Reserve rate cut on Sept. 17.

However, inflationary pressures suggest the Fed may hesitate to cut more than once.

This uncertainty is fueling volatility in both crypto and traditional markets.

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⚖️ Key Takeaway for Traders

$110K remains the line in the sand for Bitcoin’s short-term outlook.

Failure to hold could invite a sharp drop toward $100K support.

A successful push above $114K may reignite bullish sentiment and open the door to $118K levels.

Meanwhile, gold’s dominance highlights shifting investor confidence toward safe-haven assets amid macro uncertainty.

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📊 Final Word: Bitcoin’s near-term fate depends on whether bulls can defend the $110K zone or risk a steeper correction. With gold stealing the spotlight, BTC must reclaim critical resistance levels to prove its resilience in the current bull market cycle.

---$BTC $ETH

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