Bitcoin fit crash to 110K before e test 140K resistance
Glassnode latest on-chain analysis show say short-term holders (STHs) leave serious Bitcoin price support gap between $115,000 and $110,000. Historically, such Bitcoin price gaps dey cause retracements, meaning say e fit drop about 7% to fill the gap. On the other hand, STH profit-taking fit stop any price movement pass $140,000 where standard-deviation bands show say sellers dey increase. Traders suppose dey watch the $110K–$115K support zone plus the $140K resistance level as important market triggers.
Bearish
The warning wey talk say Bitcoin price fit do 7% retracement to fill the on-chain support gap mean say e get near-term bearish bias, as traders fit dey liquidate their positions for around $115K–$110K zone. Even though profit-taking fit limit the upside near $140K, dis resistance cap still add more bear pressure to any rally. For short term, market people go likely focus on the support test wey fit trigger selling if e get breach. But for long term, filling such gaps fit make the base strong for future rebounds, making the outlook more neutral once the gap don fill.