Bitcoin (CRYPTO: BTC) is struggling around the $111,000 range, with sentiment dropping into the fear zone again.
Notable Statistics:
Notable Developments:
Trader Notes: Crypto trader IncomeSharks highlighted that he's preparing for Bitcoin's potential downside while still expecting a rally.
The current setup resembles a previous pattern, though the major sell-off may already be behind us.
Further declines would primarily affect leveraged traders rather than spot holders.
Ted Pillows noted that Bitcoin's long-term structure remains bullish. Staying above $102,000 is key to maintaining the bull run, while a monthly close below this level would raise concerns.
The Cryptomist remains optimistic about a push toward weekly high. The bullish falling wedge pattern appears intact, and a breakout could take BTC toward $116,000, with altcoins likely retesting their weekly highs.
Read Next:
Image: Shutterstock
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
A newsletter built for market enthusiasts by market enthusiasts. Top stories, top movers, and trade ideas delivered to your inbox every weekday before and after the market closes.