Bitcoin's back at its 50-day SMA,  
a key support level that's sparked rebounds twice this month.  
Another bounce could set the stage for fresh gains.  
But if support breaks, selling pressure might push it below $100K.  
Bulls seem weaker now—rebounds are losing steam,  
and recent price action shows exhaustion near $100K.  
To turn bullish short-term, BTC needs a strong push past $110K.

Bitcoin's looking hopeful near its 50-day SMA, another solid bounce could really kickstart some exciting gains