08:53
Analysis: Bitcoin is facing a critical support test and may form a double bottom at $112,000.
According to Foresight News, Bitcoin Vector analysis states that Bitcoin is currently at a critical position. If the price can form higher lows in the range of $114,000 to $115,000, it may maintain an upward structure; if it breaks below, it may dip to $112,000 to form a double bottom. It pointed out that since the significant fall in August, the structure has clearly turned bearish (-0.84), and the best signal is close to zero, indicating that the market lacks direction and is only adjusting at the macro and leverage levels. Currently, Bitcoin is oscillating under short positions pressure, and if it cannot hold the support, it may further decline.
BTC-2.95%