Bitcoin Price Analysis: Is a Crash to $111K Imminent for BTC?
Main Idea
Bitcoin's price remains in a low volatility phase with key support levels at $114,000 and $111,000, and a potential breakout above $120,000 could resume the uptrend.
Key Points
1. Bitcoin is consolidating within the $116K–$120K range, with structural support holding firm.
2. The $111,000 level is a critical support zone; holding this level could lead to a breakout above $120K.
3. A bullish flag pattern is forming on lower timeframes, with dynamic support near $114K.
4. A breakdown below $114K could trigger a pullback toward $111K, forming a key liquidity zone.
5. Futures order flow shows increased small-sized engagement in the $116K–$120K range, which has historically preceded bullish reversals.
Description
Bitcoin’s muted volatility phase continues, with structural support holding firm. The market’s next decisive move will likely be shaped by reactions at the $114,000 and $111,000 support zones. BTC Price Analysis: Technicals By Shayan The Daily Chart Bitcoin continues to consolidate within the narrow $116K–$120K range, marked by low volatility and subdued price action. This sideways movement suggests an ongoing equilibrium between buying and selling pressure, possibly due to capital rotation into...
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