Bitcoin analysis warns BTC price 'going lower' first as $113K slips

Key Points

1. BTC price forecasts suggest a short-term decline closer to $109,000, with volatility expected to return.

2. Order-book liquidity data shows limited bid support above $110,000, indicating potential downside pressure.

3. Analysts note that the $109K–$116K range is being filled on dips, with limited distribution from the $118K–$120K range.

4. Some traders highlight the presence of short liquidations above current prices, which could act as fuel for upward movement.

5. Market observers anticipate increased volatility soon, with a potential breakout expected after a period of rangebound trading.