Based on BeInCrypto, Bitcoin (BTC) has remained near $110,350 for a week, unable to break through a key supply zone between $110,000 and $112,500. On-chain data shows this range is a major resistance level due to heavy accumulation by investors. Whale activity, however, suggests renewed accumulation, with the 30-day whale address count turning positive for the first time since late August. Technically, BTC remains in an inverse head and shoulders pattern, with a close above $116,400 needed to confirm a potential breakout. A drop below $106,200 could invalidate the bullish structure.
Bitcoin Price Stuck Near $110,350 Amid Supply Zone Resistance and Whale Activity
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