CoinVoice has recently learned that, according to analysts, the price trend of Bitcoin increasingly appears to be a result of intentional manipulation, as BTC has reached its lowest level since August 3 under persistent selling pressure from the U.S. Bitcoin dropped below $113,000 at the opening of the U.S. stock market today, failing to maintain its support level. The liquidity of buy orders within trading platforms is being depleted, with $112,300 now becoming a level of concern. Well-known trader Daan Crypto Trades summarized the current liquidity situation of Bitcoin, stating that BTC has cleared a significant amount of liquidity from both long and short sides during the turbulence of the past 6 weeks, with the nearest large liquidity concentrated around $120,000. Of course, the local range low of $112,000 remains valid and is typically a local reversal area. Well-known trader and analyst Rekt Capital has sent out positive signals, comparing the current price trend to previous bull market corrections. "The most positive aspect of the current correction is that similar corrections also occurred at the same cycle moments in 2017 and 2021, and in both 2017 and 2021, these corrections indicated a price increase to new historical highs." [Original link]

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