Bitcoin has pulled back from its new high of $111,800 after long-term holders began to cash out. Key support levels are at $103,700 and $95,600, with signs of selling pressure from long-term investors. Bulls are currently facing a tough test. Key Points:Bitcoin reached a historic high of $111,800 but quickly dropped to $103,200. The initial rally was driven by spot markets, with key accumulation zones at $81,000 to $85,000, $93,000 to $96,000, and $102,000 to $104,000, which now serve as pote...
