Bitcoin traders say BTC price at ‘make-or-break’ point at $110K

Low Taker-Buy-Sell-Ratio, declining network activity and other bearish factors could pull BTC price below its critical support at $110,000.

Key takeaways:

Bitcoin price needs to hold above $110,000 to avoid further losses.

The Taker-Buy-Sell-Ratio is down to levels last seen in November 2021, when BTC price reached its cycle peak.

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