$BTC (BTC) traded sideways on Wednesday, slipping over 0.2% in the last hour and hovering near $1,11,375.99. The token is at its lowest level in nearly seven weeks after retreating from the record high of $1,24,457.12 on August 14. BTC is currently down over 10% from that peak.

BTC is trading in a choppy sideways range oscillating around $1,10,000. “After multiple failed attempts to break lower, momentum shifted, and a rally pushed BTC from $1,10,000 up to $1,12,200. However, the rally quickly lost steam, where sellers stepped in, triggering a pullback back toward the $1,11,000–$1,11,500 zone,”.