@serenemystique
Bitcoin Price is trading at $111,180, hovering near the midline of the Bollinger Bands. Since mid-July, BTC has been trending downward from the $124,000 peak. It briefly tested support around $107,000 and is now consolidating just above that zone. The Bollinger Bands are narrowing, showing compression that often precedes a sharp move.
If BTC price fails to hold $107,000, the next clear support levels are at $100,000, $96,000, and then $88,000. A break of these would confirm a bearish cascade.
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