$BTC Faces Setback: Breakout Odds Fading This Week

Bitcoin opened the week with a sharp sell-off, dropping over $10,000 from its recent all-time high of $124,500. The price now sits near $114,992, leaving traders divided on the next move.

Analysts point to order-book manipulation, with signs of a large entity possibly “buying the dip.”

Technical signals warn that Bitcoin holding its 21-day SMA looks unlikely, reducing breakout odds.

Key downside level: $112,000. Reversal requires reclaiming $120,000.

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