⚖️ Bitcoin: A Delicate Balance Around $114,000 🕰️
The price of Bitcoin (BTC) is currently trading within a very tight pivot range, between $113,800 and $114,000. This sideways movement reflects a balance in buying and selling forces.
Here are the key technical levels to watch:
1. Stability Support ($114,000):
Maintaining trading above this level is a positive indicator of current stability.
2. Anticipation Range ($113,800):
Slipping below this threshold may increase selling pressure in the short term.
3. Critical Area ($113,000 - $112,000):
Technical observation: A confirmed close below $112,000 opens the door for price correction, and the price may retest deeper support areas at $107,000 or even $102,000.
In summary: The $112,000 level is the dividing line between current consolidation and the potential for a downward extension to the mentioned targets.