Bitcoin is struggling to break above the $110,000 mark, with sellers continuing to defend the level. Data from sentiment tracker Santiment shows that “buy the dip” calls are rising across social media, which often signals there may be more downside ahead. Santiment added that a true bottom usually forms when fear is widespread and few are interested in buying. Seasonality isn’t helping the bulls either—September has historically been one of the weaker months for Bitcoin, with data from CoinGlass showing the asset has closed red in eight of the last ten Septembers, averaging a 3.8% drop.

Still, the correction hasn’t scared away the big money. Institutions remain buyers, with digital asset investment products pulling in $2.48 billion in inflows last week, reversing the prior week’s $1.4 billion outflows, according to CoinShares.

Bitcoin slipped under the $110,530 support on Friday, giving the bears an edge and showing that sellers are trying to tighten their grip on the market. That said, the bulls are unlikely to roll over without a fight. They’ll look to push BTC back above the 20-day EMA near $112,566, but this zone has now turned into a serious test of strength. A rejection at that level would confirm the bearish mood and raise the odds of a slide toward $105,000 and the major psychological marker at $100,000. However, if buyers can reclaim the 20-day EMA and hold it, that would signal selling pressure is easing and open the door for a move toward the 50-day SMA around $115,918. Ethereum is also at a critical inflection point, with bulls and bears battling around the 20-day EMA at $4,378.

The flat EMA and a neutral RSI reflect the market’s hesitation, with no clear edge for either side. If ETH loses this support, it could tumble to $4,094, a level that bulls need to defend at all costs. A breakdown there would likely extend the pullback toward $3,745 and even $3,350. On the other hand, strength above the $4,957 resistance would be a strong signal that the uptrend is back on track, potentially paving the way for a sharp rally toward the $5,500 region.

Lastly please check out the advancement’s happening in the cryptocurrency world

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