Urgent Bitcoin Price Prediction: Why BTC Could Plunge to $110K
Main Idea
Bitcoin (BTC) may experience a significant price correction, potentially dropping to $110,000, due to a low-volume 'air gap' and accumulation by short-term holders (STHs) in the $117,000–$122,000 range.
Key Points
1. A low-volume 'air gap' occurs when Bitcoin's price moves rapidly with minimal trading activity, creating a liquidity void that may attract price reversion.
2. Short-term holders (STHs), who hold Bitcoin for less than 155 days, have heavily accumulated BTC in the $117,000–$122,000 range, which could signal vulnerability to price drops.
3. The $110,000–$115,000 region is identified as a critical support zone that requires close monitoring.
4. CME futures gaps, similar to low-volume air gaps, historically show a tendency to be filled, though this is not guaranteed.
5. A drop to $110,000 could test key support levels, while a break below might lead to further downside.
Description
BitcoinWorld Urgent Bitcoin Price Prediction: Why BTC Could Plunge to $110K Are you keeping a close eye on the volatile world of cryptocurrency? If so, you’re likely aware that Bitcoin (BTC) has been on a rollercoaster ride. Recent market movements suggest that the flagship cryptocurrency might be heading for a significant correction, potentially revisiting the $110,000 mark. This isn’t just a speculative guess; it’s an analysis backed by on-chain data and market dynamics, particularly concernin...
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