Bitcoin drop under $118K as pipo dey collect profit, e dey eye breakthrough
Bitcoin price don fall below di important $118K level, e shed 0.61% for intraday as traders dey collect profit after recent rallies. Dis movement dey happen as market dey steady inside one triangular chart pattern. Bitcoin price dey test support for $116K–$117K, if e hold, e fit stabilize di market. Strong breakout above $118K fit make price rise reach $125K, but if e fail to hold, e risk fall back go $111K. Trading volume still steady, and market people dey wait for upcoming US economic data for new direction. Meanwhile, Ether don climb pass $3,750 to reach seven-month high, show say demand for altcoins don rise again and capital fit dey move from Bitcoin.
Neutral
Di intraday dip na show say na short-term profit-taking be di reason, e no be say sell-off dey continue. Key support wey be $116K–$117K still dey fine, and di triangular pattern wey dem chart suggest say breakout fit happen. Di volume steady plus di U.S. economic data wey dey come dey add uncertainty. Ether raise reach seven-month high show say demand dey for altcoin but e no change Bitcoin consolidation bias. Overall, di news mean say e neutral effect till clear direction show.