BTC’s next long liquidation zone is around 113.2K–113.4K, but the 10% bid-ask still isn’t showing strong buy-side interest. Has BTC really bottomed yet?

Bitcoin [BTC] ended July with a 4.26% red weekly candle, marking its first notable corrective move in weeks. Historically, similar weekly drawdowns have acted as re-accumulation phases.

History repeats or at least rhymes below $120K

Since Q2, BTC has consistently printed higher lows.

The first was after a 5% weekly decline that established a structural base around $77K, catalyzing a five-week rally to $109K.