Most Important Bitcoin Price Level To Watch Out For

Key Points

1. Bitcoin has dipped by 4.05%, but over 91% of circulating BTC is 'In The Money,' suggesting limited downside risk.

2. A resistance level at $115,891 is critical; breaking it could trigger a rally to $150,000 if supported by volume.

3. 1.41 million BTC (7.06% of supply) are 'Out Of The Money,' potentially creating sell pressure if holders are not long-term.

4. 252,980 BTC (1.27% of supply) are 'At the Money,' with their holdings valued at $28.77 billion.

5. Market participants are watching for a push above $116,000, but broader financial market conditions remain a factor.