Bitcoin is below $109,000, the lowest level since July 9th. This raised new questions about whether the market is taking part in a deeper revision or simply cooling after months of strong profits. Another important shift was Bitcoin domination, which began to fall. Historically, when superiority decreases, Altcoins tend to outperform.
Bitcoin price forecast
Analyst Josh said Bitcoin has struggled with higher pushes in recent weeks, indicating that purchasing power is losing steam. BTC is currently sitting just under the support of around $109,000. If that level breaks, the next major cushion will be between $106,000 and $105,000. These zones have been retained during past revisions and are monitored closely this time.
The advantage is that resistance is initially seen at $112,000. If the Bulls clear it, the next hurdles will be $113,400 and $114,800. A clean move over $114,800 can flip that area into support and pave the way for $117,000. Until then, sellers may keep holding back meetings
Bitcoin’s MACD histogram is still red, indicating that bear pressure is in place. The price action is choppy and you don’t have complete control over the bull or bear. .
The big picture: Pause, not collapse
However, analysts said Bitcoin is still in a wider bull market cycle despite its short-term weakness. The current pullback is not an onset of collapse, but a healthy reset. As long as Bitcoin defends its $105,000 zone, the overall structure of the uptrend remains intact.
Liquidation data shows liquidity clusters ranging from $114,000 to $116,000. This means that you can pull Bitcoin into that zone before the seller tries again. Some daytime charts show bullish differences supporting short bounce cases.
