BTC Can’t Break $112K — Here’s Why

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The absence of new buyers and FOMO-driven greed are key factors that could keep Bitcoin price pinned below $112,000 longer than many think.

Bitcoin price taps $110,000, but low spot buying demand suggests the upside could be limited.

High retail FOMO and a near-overbought RSI signal a potential BTC price correction.

Bitcoin (BTC) price has formed a series of lower highs and lower lows in the 1-hour time frame since reaching a three-week high of $110,300 on Wednesday. 

As the end of the week approaches, BTC price has failed to break above the all-time high at $112,000.

What’s keeping Bitcoin price below $112,000?

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