Bitcoin Likely to Drop to $118K, But Dip May Be Short-Lived
Visit this link to consistently profit in Binance futures trading, receive free bitcoin trading signals, and access the Cornix trading Bot for optimal automated trades: https://telegram.me/cryptosignalalert. Bitcoin’s drop to $118,000 is a possibility, but traders might see futures’ open interest drop by $4.1 billion as a potential dip-buying opportunity. BTC price may drop to the $118,000-$120,000 range before resuming its uptrend, analysts say. Bitcoin futures open interest fell by $4.1 billion from its peak, potentially indicating a “healthy” reset. Bitcoin was down 3.7% from its $126,000 all-time high and may revisit the $118,000 level over the next few days, but data suggested that prolonged trading below that level could be short-lived. Bitcoin could drop to $118,000 first Bitcoin price was trading at $121,300 on Friday, after posting moderate losses over the past 24 hours, data from Cointelegraph Markets Pro and TradingView showed. While the macro setup remains bullish, ana...