Bitcoin Fall Below $117K Amid Market Wahala
Bitcoin (BTC) drop comot below di important $117,000 level for August 18, e dey trade for $116,818 for Binance USDT market. Di drop show say crypto still dey shake well-well and e come from mixture of market people mind change, big big economy pressure, people dey collect their profit and liquidations wey happen for leveraged positions. Traders dem suppose dey stay alert with correct market data, no fall hand to sell anyhow, and make dem check their portfolio again make e match their long-term goals. E good make person get many kind investment and make e manage risk proper. Even though di fall fit be better chance to buy for long-term investors, e good make person check everything well-well—trading volume, market deepness, plus as people dey feel—before e put new money.
Bearish
The sharp drop wea dey below $117,000 mean say bearish momentum don come back for Bitcoin market, na profit-taking and forced liquidations dey drive am. For history, similar pullbacks like for middle 2024 when regulators show gbege, dem trigger short-term selling pressure before market go calm down. For short term, traders fit still see more downside as stop-loss cascades go make volatility plenty. But the kain environment fit still attract long-term investors wey wan 'buy the dip,' fit help stabilize prices when selling pressure slow down. Overall, this event na normal volatile phase: bearish feeling dey control short-term trade, but patient capital fit ready for recovery later.