Bitcoin (BTC) surged to $122,000, absorbing significant selling pressure as markets tested key liquidity levels. The price movement reflects heightened volatility amid ongoing market activity, with notable absorption of orders around this threshold.
Analysts indicate a potential retracement towards $115,000 to validate critical support areas. A clustered demand zone between $115,000 and $116,100 demonstrates substantial buying interest, suggesting strong foundational support at these levels.
This consolidation band is projected to stabilize price fluctuations, providing a technical buffer against excessive volatility. Market observers highlight the significance of this support range for maintaining Bitcoin’s structural integrity during corrective phases.