Bitcoin price drop from $118K to $115K, slide 1% for di day
Bitcoin price first fall below $118,000 for OKX, slide 0.24% inside the day, before e shine shove eye for $115,000 level on August 19 wit 1.04% drop reach $114,948.80. The fall show say small bearish pressure dey and people dey collect profit for the psychological $115K support area. Since no much kin catalyst dey make the move go, dis pullback show how traders mind be and how market fit change near important level dem. Crypto traders suppose dey watch make sure if Bitcoin price fit get back $115,000 to confirm say bull fit run the market again or make e get more short-term wahala.
Bearish
Di intraday drop dem wey pass $118K and $115K dey show say short-term selling pressure dey increase for Bitcoin price, e mean say traders dem get small bearish mind. Profit-taking near big level dem plus the lack of strong bullish catalyst dem mean say e fit continue to consolidate or pull back more soon. But if Bitcoin price fit gbaback the $115,000 support, e fit make traders regain confidence and reduce the risk of price go down for long term. Overall, the current situation dey show bearish outlook for the immediate trading session, but medium to long-term direction depend on if key support dem go hold and new market drivers go show.