Bitcoin 100 EMA is the immediate technical focal point: a failure to hold the 100-day EMA around $111,000–$112,000 would reinforce a deeper Bitcoin correction, while a clean reclaim would restore bullish structure and reduce downside risk.
Lowest BTC daily fees since 2011—Glassnode data signals weakening on-chain demand
Rejection at the 50 EMA increases odds of a test of the 100 EMA in the $111k–$112k range
RSI and declining buyer volume suggest momentum favors sellers; altcoins are vulnerable
Bitcoin 100 EMA test: BTC fees lowest since 2011; watch $111k–$112k support closely — read technical outlook and trade implications.
What is the significance of the Bitcoin 100 EMA right now?
Bitcoin 100 EMA is acting as a critical medium-term support level; a decisive break below the 100-day EMA (~$111,000–$112,000) would likely extend the current Bitcoin correction into a deeper corrective phase and increase downside risk for altcoins.
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Glassnode data shows the BTC network’s daily transaction fees (14-day SMA) recently fell to 3.5 BTC, the lowest since late 2011. Low fees typically reflect reduced user activity and demand, which can precede price weakness when combined with deteriorating technical structure.
Immediate resistance sits near the 50 EMA, where recent rejections signaled seller strength. The next clear support target is the 100 EMA in the $111,000–$112,000 band; below that, previous-cycle correction patterns suggest an extended retracement could unfold.
Momentum indicators such as the RSI have been sliding, and on-chain metrics show declining buyer activity. Volume profiles confirm fewer inbound flows to support price, making the invalidation of the $120,000–$116,500 consolidation structurally significant.
Corrections deepen into bear markets when multiple support tiers fail and market breadth deteriorates. If Bitcoin closes decisively below the 100 EMA, market confidence could erode and trigger broader altcoin weakness—turning a contained correction into a prolonged downturn.
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Source: https://en.coinotag.com/bitcoin-may-test-111k-112k-100%E2%80%91day-ema-as-transaction-fees-fall-to-lowest-since-2011/