Bitcoin is currently facing a pivotal test at a cost basis of 116,963 USD. With over 3 billion USD in realized gains recorded, it dipped to 114,707 USD, indicating a potential re-test of the 110,000 USD level as market trends suggest price adjustments.
The recent selling activity reflects a shift in trader sentiment, as liquidity support weakens. The expectation of a return to the 110,000 USD zone may cause a resurgence of investor interest in Bitcoin as the market stabilizes after profit-taking.
Leave a Reply