Resistance Holds: Can BTC Break $114K?
Bitcoin is treading below a critical threshold—$114,000. Market analysts warn that unless BTC manages a clear breach above this level, the downside could deepen, especially as the weekly close draws near.
Liquidity Gaps Point to Structural Weakness
Order book data highlights thin bid support around $112,900. As one analyst cautions, dropping back into the $109,850–$111,900 range could expose the market’s fragility and invite sharper declines.
Macro News Falls Flat; All Eyes on Fed at Jackson Hole
Despite a US–EU trade agreement, Bitcoin—and broader markets—showed little reaction. Attention is now firmly fixed on the upcoming Jackson Hole symposium, where Jerome Powell’s commentary may hold the key to rate-cut expectations and crypto sentiment.
Volatility Brewing — Prepare for Swings
Early market activity suggests renewed volatility. With BTC stuck between key levels, traders should brace for sudden swings—either on a breakthrough above $114K or a slide below $110K.
Weekly Close: A Defining Moment
Everything boils down to how Bitcoin closes the week. A decisive hold above $114K could reignite bullish momentum; failure to do so might accelerate the correction.$BTC
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