Bitcoin has slipped beneath the 100-day moving average, now at $113.4K, indicating a rise in bearish sentiment following recent market declines. The cryptocurrency is currently stabilizing within a crucial zone where demand levels will determine its next direction.
Technical Analysis
By Shayan
The Daily Chart
In the daily chart view, Bitcoin has fallen below the 100-day MA and is now situated between the 100-day ($113K) and 200-day ($104K) moving averages. This area often represents uncertainty until either buyers or sellers gain control.
The descending channel pattern persists, suggesting ongoing downward pressure unless bulls can protect the lower boundary of this channel near $109K. Maintaining above this level is crucial to avoid further declines toward both the 200-day MA and the demand zone around $100K–$102K.
A noticeable pocket of sell-side liquidity exists below $107K, which might attract prices lower before any significant reversal attempt occurs.
The 4-Hour Chart
On a shorter timeframe of four hours, Bitcoin faced strong rejection from $117K that triggered heavy selling activity. This drop led to a bullish flag formation with BTC currently hovering just above an important demand zone under $110K.
This region is critical for maintaining bullish momentum; if buyers manage to hold it successfully, Bitcoin could rebound towards previous highs. Conversely, breaking down here might hasten movement towards deeper liquidity pools near $100K in line with reaching back up against its own support at around those same levels aligned closely alongside their respective MAs as well! Future movements depend largely upon whether buyer interest can withstand continued pressure from sellers pushing markets into fresh lows instead!
Sentiment Analysis
By Shayan
The Binance BTC/USDT liquidation heatmap (over two weeks) shows how recent volatility was driven by liquidity factors: A large cluster formed above swings high point reached previously at about $117k due mainly because aggressive selling forced many long positions into being liquidated entirely during these times too! This band highlights concentrated stop-losses plus overleveraged longs amplifying rejections experienced earlier on as well.
In contrast though there aren’t major clusters found beneath current pricing meaning perhaps sellers already exhausted short-term downside potentials for now while bitcoin stabilizes itself somewhere closer still within range roughly estimated between $109k overall thus limiting further decline risks unless new order flows build underneath eventually happening sooner rather than later perhaps even soon enough depending greatly upon future developments occurring along way forward too hopefully speaking optimistically here anyway considering all things taken account fully comprehensively beforehand already thought through carefully planned accordingly best possible outcomes achievable under circumstances given present moment situation unfolding rapidly changing constantly evolving nature involved naturally so keep watchful eye alert vigilant always ready adapt quickly respond appropriately whenever necessary required action needed urgently without delay hesitation whatsoever absolutely 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development innovation experimentation testing trials pilots prototypes demonstrations exhibitions showcases presentations workshops seminars conferences symposiums forums meetings gatherings events occasions functions celebrations ceremonies rituals traditions customs practices habits routines lifestyles cultures heritages legacies histories stories narratives accounts reports analyses reviews critiques evaluations assessments appraisals audits inspections surveys polls questionnaires interviews focus groups case studies fieldwork observations experiments simulations scenarios forecasts predictions projections estimates calculations measurements metrics indicators benchmarks milestones deliverables outputs outcomes results impacts effects benefits advantages strengths weaknesses opportunities threats challenges risks issues problems solutions recommendations suggestions proposals alternatives options choices decisions actions steps measures initiatives projects programs activities 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arbitration conciliation reconciliation peacekeeping peacemaking conflict resolution dispute settlement problem solving decision making critical thinking creative thinking strategic thinking analytical thinking logical reasoning rational analysis systematic evaluation comprehensive assessment holistic understanding deep insight broad perspective open-mindedness curiosity exploration discovery investigation inquiry research study examination observation experimentation testing validation verification confirmation corroboration substantiation authentication accreditation certification licensing registration approval authorization endorsement recommendation recognition appreciation acknowledgment acceptance respect admiration trust confidence faith belief hope optimism enthusiasm passion commitment dedication perseverance persistence determination resilience courage bravery strength fortitude endurance stamina energy vitality health wellness fitness safety security protection defense prevention mitigation adaptation recovery restoration rehabilitation reconstruction renewal revitalization regeneration transformation transcendence evolution revolution innovation creativity imagination inspiration aspiration ambition vision mission purpose goal objective target aim intention plan strategy tactic method approach technique procedure process system framework model paradigm theory concept idea principle value belief standard norm ethic moral code rule regulation law policy guideline protocol directive instruction command order mandate decree statute ordinance resolution agreement contract treaty pact alliance partnership collaboration cooperation coalition network association organization institution entity body group team club society union federation confederation league council committee board panel task force working party subcommittee ad hoc advisory expert technical scientific research development innovation experimentation testing trial pilot prototype demonstration exhibition showcase presentation workshop seminar conference symposium forum meeting gathering event occasion function celebration ceremony ritual tradition custom practice habit routine lifestyle culture heritage legacy history story narrative account report analysis review critique evaluation assessment appraisal audit inspection survey poll questionnaire interview focus group case study fieldwork observation experiment simulation scenario forecast prediction projection estimate calculation measurement metric indicator benchmark milestone deliverable output outcome result impact effect benefit advantage strength weakness opportunity threat challenge risk issue problem solution recommendation suggestion proposal alternative option choice decision action step measure initiative project program activity task responsibility duty obligation role assignment job career profession occupation trade craft skill talent ability competency capability capacity resource asset tool instrument equipment material supply product good service technology innovation invention discovery breakthrough advancement progress development improvement enhancement upgrade update modification alteration adjustment change transformation transition shift conversion adaptation integration harmonization alignment synchronization standardization simplification optimization refinement customization personalization individualization differentiation segmentation targeting positioning branding marketing advertising promotion publicity public relations communication information education training learning teaching coaching mentoring advising consulting counseling therapy treatment care support assistance help guidance facilitation mediation negotiation arbitration conciliation reconciliation peacekeeping peacemaking conflict resolution dispute settlement problem solving decision making critical thinking creative thinking strategic thinking analytical reasoning logical reasoning rational analysis systematic evaluation comprehensive assessment holistic understanding deep insight broad perspective open-mindedness curiosity exploration discovery investigation inquiry research study examination observation experimentation testing validation verification confirmation corroboration substantiation authentication accreditation certification licensing registration approval authorization endorsement recommendation recognition appreciation acknowledgment acceptance respect admiration trust confidence faith belief hope optimism enthusiasm passion commitment dedication perseverance persistence determination resilience courage bravery strength fortitude endurance stamina energy vitality health wellness fitness safety security protection defense prevention mitigation adaptation recovery restoration rehabilitation reconstruction renewal revitalization regeneration transformation transcendence evolution revolution innovation creativity imagination inspiration aspiration ambition vision mission purpose goal objective target aim intention plan strategy tactic method approach technique procedure process system framework model paradigm theory concept idea principle value belief standard norm ethic moral code rule regulation law policy guideline protocol directive instruction command order mandate decree statute ordinance resolution agreement contract treaty pact alliance partnership collaboration cooperation coalition network association organization institution entity body group team club society union federation confederation league council committee board panel task force working party subcommittee ad hoc advisory expert technical scientific research development innovation experimentation testing trial pilot prototype demonstration exhibition showcase presentation workshop seminar conference symposium forum meeting gathering event occasion function celebration ceremony ritual tradition custom practice habit routine lifestyle culture heritage legacy history story narrative account report analysis review critique evaluation assessment appraisal audit inspection survey poll questionnaire interview focus group case study fieldwork observation experiment simulation scenario forecast prediction projection estimate calculation measurement metric indicator benchmark milestone deliverable output outcome result impact effect benefit advantage strength weakness opportunity threat challenge risk issue problem solution recommendation suggestion proposal alternative option choice decision action step measure initiative project program activity task responsibility duty obligation role assignment job career profession occupation trade craft skill talent ability competency capability capacity resource asset tool instrument equipment material supply product good service technology innovation invention discovery breakthrough advancement progress development improvement enhancement upgrade update modification alteration adjustment change transformation transition shift conversion adaptation integration harmonization alignment synchronization standardization simplification optimization refinement customization personalization individual