Bitcoin Drops Again: Time To Buy?

Source of this Article
CoinCodeCap 2 days ago 190

Bitcoin is trading near $113,873, down from intraday highs near $115,000. The crypto market is showing signs of consolidation amid macro uncertainty and upcoming policy events.

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Bitcoin Next Target

  • Price: $113,873
  • Circulating Supply: 19.9 million BTC ($106,550.00)
  • Max / Total Supply: 21 million BTC
  • Market Cap & 24-Hour Trading Volume: Not precisely specified in available data
 Time To Buy?

Eyes on the breakout/breakdown.

Buy Now

Key Indicators & Market Signals

  • Bitcoin remains below resistance near $115,000; a breakout above this level could reignite the uptrend.
  • Key support is near $110,000; failure to hold could open a path toward $108,000–$105,000.
  • Broader market sentiment is cautious due to an upcoming Federal Reserve policy decision and uncertainty around macro dynamics.
  • Technical signals suggest the move is more of a consolidation than a clear trend reversal.

Latest News Highlights

  • Bitcoin’s attempt to hold above $116,000 failed, leading to a pull-back as sellers regained control.
  • Traders appear to be “sitting on stablecoins,” waiting for clearer signals from macro events before committing to larger positions.
  • The rebound earlier this week stemmed from hopes of rate cuts and trade-related optimism, but momentum has now stalled.

Summary

Bitcoin sits at $113,873, contained between support near $110,000 and resistance around $115,000. A break above the upper band could drive the price toward $120,000+, while a drop below support may lead toward $105,000–$108,000.

With institutional flows still in place yet macro risks rising, BTC’s near-term movement is likely to be shaped by external catalysts and trader sentiment.

For on-demand analysis of any cryptocurrency, join our Telegram channel.



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