Bitcoin is maintaining its position above the $110,000 support level, trading just below $112,000 after a brief surge to $114,000 earlier this week. The cryptocurrency market is on edge as it anticipates the release of the Personal Consumption Expenditures (PCE) data, a critical inflation measure for the Federal Reserve. Current technical indicators show bearish trends, with the Relative Strength Index (RSI) at 38 and the Moving Average Convergence Divergence (MACD) in negative territory. A hold at $110,000 could see Bitcoin rebound to $114,000, but further declines might lead to a test of the $107,000 level.