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Bitcoin Stalls Near $116,000 (Again): What Is Going On?
Bitcoin is cooling near $116,000 after its post-FOMC rally, with traders closely watching liquidity levels to gauge the next move. What Happened: Prominent analyst Kevin noted on Patreon that Bitcoin is attempting to form a cup-and-handle on the 4-hour chart, but momentum stalled near $118,000—just below the key 0.786 Fibonacci level at $118,300. He pointed out that weak spot volume and declining liquidity flows are contributing to sideways price action. Kevin highlighted a critical range of $106,000–$118,300: • Bullish case: Breakout above could target $120,000–$125,000. • Bearish case: Breakdown risks ... (full story)
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