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As Bitcoin tests its range bottom, volume has spiked, and price structure has turned bearish on lower timeframes. DaanCrypto suggests a breakdown from this range could lead to further losses unless the sell-off abates. \u201cIf more coins get sold off, it\u2019s going to be difficult to hold on,\u201d he warned, while noting he is personally \u201cwaiting for this to blow over.\u201d<\/p>\n
Market watchers are now closely monitoring exchange inflows, long-term holder activity, and whether the $113K\u2013$114K range can hold firm. If not, the next wave of sell pressure could cascade further into spot and derivatives markets.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin has dropped sharply to test its local range low near $115,000, with analysts pointing to renewed whale activity and long-dormant supply movements as key contributors to the decline.<\/p>\n","protected":false},"author":7,"featured_media":36499,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[72,108],"coin_category":[],"class_list":["post-163994","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-price"],"acf":[],"yoast_head":"\n
Massive Bitcoin Move Sparks Panic, Price Tests Range Low<\/title>\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\t\n\t\n\t\n