3 hours ago
Bitcoin Price Faces Bearish Pressure, Could Drop Below $112K: Expert
TLDR: Bitcoin price broke below $115K after rejecting $122K resistance before reclaiming $116K, signaling potential further correction. On-chain data shows liquidity gap between $112K and $108K, heightening downside risk for BTC. Accumulation Trend Score drops to 0.20, suggesting holders are redistributing rather than accumulating. Weekly consolidation near $115K keeps long-term bullish trend intact above $109K [...]
The post Bitcoin Price Faces Bearish Pressure, Could Drop Below $112K: Expert appeared first on Blockonomi.
Source: Blockonomi →Related News
- 32 minutes ago
Bitcoin Slips Below $116K as Metaplanet Buys 775 BTC: Buying Opportunity Ahead?
- 1 hour ago
Expert Says Chainlink Outshines XRP for Multi-Chain Adoption: Here’s Why
- 2 hours ago
XRP ETF Decisions Delayed Again: Here’s the New SEC Timeline
- 3 hours ago
Bitcoin Miner TeraWulf Announces $400M Private Notes – Data Center Push, $60M Up...
- 4 hours ago
Just In: U.S. Treasury Advances GENIUS Act, Bessent Flags Stablecoin Growth