Bitcoin fall below $115,000, slide 2.8% for one day
For August 18, Bitcoin (BTC) geh get more wahala, e drop waka go down under $115,000 as BTC price fall reach $114,929.20 for OKX, meaning e drop 2.80% for one day. Di price drop show say people dey collect profit since e reach high before and e also show say market no too sure as dem get mixed signals from big economy side. Traders dey look key level wey fit support price and dem dey wait economic data plus central bank talk to know if price go bounce back or continue to drop.
Bearish
Di drop under $115,000 mean say bad market momentum dey as traders dem comot their position after recent high, e dey increase short term selling pressure. Normally, similar day-time correction wey happen around mental price levels dem dey cause short breaks before market fit recover. If new good signs no show and market still dey worry, this drop fit make traders dem dey careful inside short term, but long term fit balance if support levels hold and big picture economy indicators improve.