Bitcoin's current price is around $118,177, with a 0.63% increase in the last 24 hours. However, recent news suggests a 3% drop due to Galaxy Digital selling over $1.18 billion worth of Bitcoin, triggering $646 million in crypto market liquidations. Let's break down the key points¹ ²:
- *Current Price*: $118,177 with a 0.63% increase in 24 hours
- *Recent Drop*: 3% drop due to Galaxy Digital's $1.18 billion Bitcoin sale
- *Market Liquidations*: $646 million in crypto market liquidations, including $152 million in BTC longs
- *Support Levels*: $111,909 and $115,000 are key support levels to watch
- *Resistance Levels*: $120,899 is a major resistance level
Technical indicators suggest a bullish trend, with 12 out of 17 indicators calling for a buy. The Relative Strength Index (RSI) is at 46% and decreasing, indicating potential downward momentum. However, the wave count suggests no major correction until $164,000, with the cycle ending near $237,200.³
*Key Levels to Watch:*
- *Support*: $111,909 and $115,000
- *Resistance*: $120,899
Keep in mind that cryptocurrency markets are highly volatile, and prices can fluctuate rapidly. For the most up-to-date information, consider checking reliable cryptocurrency trackers like CoinLore or CoinGecko.
- *Current Price*: $118,177 with a 0.63% increase in 24 hours
- *Recent Drop*: 3% drop due to Galaxy Digital's $1.18 billion Bitcoin sale
- *Market Liquidations*: $646 million in crypto market liquidations, including $152 million in BTC longs
- *Support Levels*: $111,909 and $115,000 are key support levels to watch
- *Resistance Levels*: $120,899 is a major resistance level
Technical indicators suggest a bullish trend, with 12 out of 17 indicators calling for a buy. The Relative Strength Index (RSI) is at 46% and decreasing, indicating potential downward momentum. However, the wave count suggests no major correction until $164,000, with the cycle ending near $237,200.³
*Key Levels to Watch:*
- *Support*: $111,909 and $115,000
- *Resistance*: $120,899
Keep in mind that cryptocurrency markets are highly volatile, and prices can fluctuate rapidly. For the most up-to-date information, consider checking reliable cryptocurrency trackers like CoinLore or CoinGecko.