Bitcoin Traders Adopt ‘Defensive’ Stance as Price Reclaims $110K

Key takeaways: Bitcoin price recaptures $110,000, but bearish pressure persists.  BTC must flip the $110,500-$112,000 zone into new support to avoid a deeper correction toward $100,000.  Bitcoin (BTC) price was up on Tuesday, rising 2.4% over the past 24 hours to trade above $110,000. Still, while some indicators pointed to a local bottom, other metrics suggested the BTC market structure remained “fragile,” according to Glassnode. Bitcoin traders adopt “defensive stance”  Bitcoin’s spot demand was subdued over the past week, with trading volume falling to $7.7 billion from $8.5 billion, a…

Bitcoin Price Lags Below $110K — On-Chain Levels To Watch

Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking”…

Here’s why Bitcoin price is crashing below $110k

Bitcoin price dropped below the $110,000 threshold again today after it made an attempt to climb past $110k. Analysts discovered that the 30-day moving average has fallen to its lowest level. Summary Bitcoin price fell below $110,000 ass its 30-day moving average plummets to the lowest level since 2018. The downward trend may be a result of the Fed-fueled rally coming to a close, as BTC faces significant selling pressure. On August 27, Bitcoin (BTC) price fell from its earlier peak at $117,279 last Friday and stood around $109,526, slipping…

Bitcoin Traders Say BTC Price Must Hold $110K To Avoid Deeper Correction

Key takeaways: Bitcoin price needs to hold above $110,000 to avoid further losses. The Taker-Buy-Sell-Ratio is down to levels last seen in November 2021, when BTC price reached its cycle peak. Bitcoin’s (BTC) price saw modest gains on Wednesday, rising 0.9% over 24 hours to trade at around $111,000. Several analysts said the next most crucial support was $110,000, and the price must hold it to avoid a deeper correction. “BTC is at a make-or-break level,” said Swissblock in a Wednesday post on X.  The private wealth manager asserted that…

Bitcoin Price Slips Below $110K, Is a Bigger Drop Coming?

Bitcoin price is gaining bearish momentum below $112,500. BTC is struggling to recover and might continue to move down toward the $105,500 level. Bitcoin started a fresh decline below the $112,000 zone. The price is trading below $112,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $112,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another increase if it clears the $112,500 resistance zone. Bitcoin Price Dips Further Bitcoin price started a…

Bitcoin Price Risks Drop Below $110K if Key Support Levels Are Lost

Key takeaways: Bitcoin price is down 11% from its all-time high, dropping to $111,000 on Monday. $108,000 is a short-term target for the bears, with some BTC analysts predicting a drop to $95,000. Bitcoin (BTC) sellers emerged again on Monday as the drop to $111,000  resulted in a large liquidation of leveraged long positions across the cryptocurrency market. BTC/USD daily chart. Source: Cointelegraph/TradingView Bitcoin tumbles below $112,000, wiping out longs Bitcoin price fell as low as $111,300 on Monday, reversing Friday’s spike fueled by Fed Chair Jerome Powell’s dovish speech,…

Strategic Selling on Binance Puts $110K in Sight

Bitcoin has retreated from last week’s record high above $124,000, slipping by over 8% in recent days. At the time of writing, the cryptocurrency trades around $113,867, reflecting a 6.3% decline over the past seven days. The correction has raised questions about the forces driving current market dynamics, particularly the role of large holders in shaping price momentum. On-chain data has pointed to a consistent pattern of selling activity from whales on Binance, the world’s largest exchange by trading volume. According to CryptoQuant contributor Arab Chain, these movements appear to…