Bitcoin Faces Critical Price Movement Beyond 113,000 Dollars
Main Idea
Bitcoin is currently in a rising wedge formation, with analyst Captain Faibik warning that a drop below $113,000 could lead to a significant decline to the $95,000-$98,000 range, amid whale sales and market volatility.
Key Points
1. Bitcoin is navigating a rising wedge formation, and a drop below $113,000 could trigger a fall to $95,000-$98,000.
2. Galaxy Digital sold over 10,000 BTC, contributing to a 3% price drop in one hour and $144 million in liquidations.
3. The 24-hour trading volume increased by 23% to $87.46 billion, but analysts warn of a 'late buyer trap' due to volatility.
4. Captain Faibik emphasizes caution, advising traders to monitor resistance zones and volume confirmations.
5. Market volatility and whale activity are key factors influencing Bitcoin's price movement.
Description
Captain Faibik foresees Bitcoin's potential drop below 113,000 dollars. Galaxy Digital's massive sale impacts the cryptocurrency market significantly. Continue Reading: Bitcoin Faces Critical Price Movement Beyond 113,000 Dollars The post Bitcoin Faces Critical Price Movement Beyond 113,000 Dollars appeared first on COINTURK NEWS .
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