Bitcoin Price Falls to $107K on OKX, Tests $106K Support
Bitcoin price first dipped below $115,000 on OKX on October 27, trading at $114,991.80 despite a 1.14% daily gain. By October 31, Bitcoin price slid further to $106,982.80, down 0.68% intraday. This dual drop highlights ongoing volatility and short-term selling pressure. Traders will watch key support near $106,000 on OKX for potential entry points.
Bearish
The series of price drops from $115K to $107K signals short-term bearish sentiment. The decline below key support levels on OKX suggests selling pressure outweighs bullish momentum. Traders may see further downside if $106K fails to hold, though a bounce at support could offer buying opportunities. Overall, the immediate impact is bearish, but long-term stability will depend on whether key support levels hold.