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. Bitcoin’s price rose 0.9% to trade at around $111,000. Crucial support remains $110,000. Analysts warn of a deeper correction if this level is not maintained. Private wealth manager states Bitcoin’s lifeline support is at $110,000. Popular Bitcoin analyst emphasizes importance of $110,000-$112,000 support zone for potential price rebound. Bitcoin price deviation from all-time high keeps investors cautious. Taker-Buy-Sell-Ratio indicates market pessimism and caution. Declining network activity raises bearish case for Bitcoin. Positive Coinbase Premium and inflows into spot Bitcoin ETFs offer hope for market rebound.

Read more at Cointelegraph: Bitcoin Traders Say BTC Price Must Hold $110K To Avoid Deeper Correction