Bitcoin drop commot below $117k after e hold ground around $120k
Bitcoin price don dey steady for one side-side range between $116,000 and $120,000 after e sharply reject for $123,120, with di 21-day and 50-day SMAs showing say e no clear and di Doji candlesticks dey show say buyers and sellers pressure balance. For July 22, BTC fall under di $117,000 support level for OKX, e dey trade near $116,954—a 1.15% drop wey show say market volatility don heighten. Traders suppose dey watch di $117,000 and $116,000 support levels and di $120,000 resistance level for clear sign of where market go. Key supply zones for $120,000 and demand zones between $100,000 and $90,000 fit give better guide. To follow Bitcoin liquidity and liquidation metrics go fit help check market sentiment and know if di recent drop na just temporary pullback or na di start of heavy correction.
Bearish
Di drop wey happen under $117,000 support after some time wey price no decide anywhere show sey na increased selling pressure dey. Short-term traders fit see am as bearish trigger, dem go dey test demand zones and e fit make price fall more if key supports fall. As for long-term outlook e depend on if BTC fit hold above $116,000 and if liquidity metrics steady, but the immediate price action dey show say traders get cautious bearish mind.