Bitcoin Price Fall Under $115K; Support Turn Resistance
Bitcoin price drop from near $116,000 to $114,920 on August 1, dem show say e slip down by 2.87% for OKX. Dis kain move for Bitcoin price show say crypto market dey volatile well well and e put $116,000 as new resistance level. Traders dey look next support round $110,000 as bearish pressure de strong. Technical indicators, order book depth and on-chain metrics go be important to sabi if rebound go happen or more sell-offs dey come.
Bearish
Di fall wey drop below both $116,000 and $115,000 support levels mean say bearish momentum dey for Bitcoin price. For short term, dis breach fit trigger stop-loss orders plus cause more selling pressure wey go push di price go next support around $110,000. Technical indicators and order book imbalance dey show say traders dey take cautious stance, wey dey increase volatility. For long term, if Bitcoin no fit reclaim these critical levels, consolidation or continued downside fit happen. But if on-chain accumulation steady or macroeconomic sentiment change, e fit eventually stabilize di market.