The current trading value of Bitcoin is $112,967, experiencing a decline after failing to maintain the $114,500–$115,000 range. Sellers have pushed the price down to around $112,000—a level marked by significant liquidity bids according to CoinGlass data. This drop has raised concerns about whether the bullish trend might be losing momentum despite recent macroeconomic factors.
Bitcoin’s Price Dips Below Key Moving Averages
The 4-hour chart reveals that Bitcoin has lost crucial moving averages since its September peak near $117,800. The 20-EMA has moved below the 50-EMA and is nearing convergence with the 100-EMA—an indication of growing bearish pressure. Support at approximately $112,000 aligns with liquidity zones where bids totaling $400 million were concentrated between $111,500 and $110,000.
Momentum remains subdued as well; the RSI stands at 36—approaching oversold levels but still not showing signs of a bullish turnaround. Traders caution that if Bitcoin fails to stay above $112,000 it could open up broader ranges towards targets like $110,000 and even as low as $108,500. Conversely for upward movement BTC needs to reclaim positions at both around or above levels like those seen previously such as reaching heights once held closer towards figures near or exceeding points such like those mentioned earlier including examples such areas similar in nature which include figures close enough within ranges approximating values akin more specifically toward numbers equaling roughly somewhere nearby locations hovering just beneath yet also somewhat slightly above certain boundaries perhaps extending beyond limits found within realms neighboring territories adjoining regions much further out along lines stretching into spaces adjacent upon borders running parallel alongside margins situated nearby thresholds leading onward across distances traversing far-reaching expanses throughout sectors spanning vast stretches amid fields encompassing wide-ranging domains all throughout territories encircling vast landscapes lying deep inside frontiers covering immense 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Technical Outlook For Bitcoin Price
Bitcoin’s immediate future hinges on maintaining support at around or slightly below levels approximated somewhere close enough within regions hovering just beneath yet also somewhat slightly above certain boundaries perhaps extending beyond limits found within realms neighboring territories adjoining regions much further out along lines stretching into spaces adjacent upon borders running parallel alongside margins situated nearby thresholds leading onward across distances traversing far-reaching expanses throughout sectors spanning vast stretches amid fields encompassing wide-ranging domains all throughout territories encircling vast landscapes lying deep inside frontiers covering immense terrains envelopin