Bitcoin Faces Correction Risks After Recent High
Bitcoin reached an impressive $111K recently, attracting attention with its buy-side liquidity sweep. However, the market has shown signs of rejection from this high as Bitcoin pauses after a substantial rally. Current technical and on-chain indicators suggest potential pullbacks or a consolidation phase. Observing key levels will be critical for traders poised for the next move. Understanding how market dynamics influence Bitcoin’s performance is essential for successful trading. Staying informed about these shifts will empower investors in making decisive actions in a volatile landscape.