Bitcoin Drop Below $112K Twice, Eye $110K Support
Bitcoin price dip under $112,000 for both September 23 and 24, dem OKX data show. E slide small, 0.74% that day go $111,998.70 on September 23 and fall 0.81% go $111,958.20 on September 24. These movements show say market still dey shake and price dey go down small every day as traders dey watch the main support level around $112K. Everybody dey look if Bitcoin fit get back the level wey e miss or e go move down go the next support close to $110,000. The steady drop fit make traders change their positions as dem dey cautious.
Bearish
Bitcoin don drop below di $112,000 mark two times inside one day, dis show say di short-term selling pressure dey increase and di market dey volatile. Traders wey dey watch di $112K support fit carry cautious or risk-off strategy, e fit make dem put more sell orders if BTC no recover fast. Short-term, once dem break key support, e dey increase bearish momentum, but if e hold steady above $110K, e go help stabilize di price. For long-term, if Bitcoin fit overtake di $112K level again and keep di upward momentum, e fit make di market sentiment turn more bullish. But until dem test all these thresholds, market still dey cautious.