Bitcoin Price Dips Below $121K, Logs 0.05% Gain
On August 14, Bitcoin price dipped briefly below $122,000 on OKX, touching $121,948.90 and marking a 0.86% daily gain. Later the same day, BTC slid under $121,000 to $120,968.70 but still posted a 0.05% intraday rise.
Bitcoin price remains confined within a tight trading range, reflecting low volatility and market consolidation. Traders eye the next support around $120,000 and resistance near $122,000 to gauge momentum.
Neutral
Both updates highlight minor price dips and modest gains, with Bitcoin price fluctuating within a tight range and no major catalysts in sight. Short-term volatility remains low and market consolidation persists, offering limited directional bias. Traders are likely to stay on the sidelines until a clear breakout above resistance or a breach of support levels occurs.