Bitcoin Price Analysis

Bitcoin is currently trading across exchanges at $115,451.51, down 2.21% in the past 24 hours and 5.4% lower over the week. With volume up more than 20% to $56.86 billion. After setting an all-time high of $124,457 just four days ago, BTC has broken below the $118.8k support, which triggered more than $81 million in long liquidations. 

The chart I’ve shared, shows BTC sliding beneath the mid-Bollinger Band while testing lower support around $115k. The RSI near 31, suggests oversold conditions but no clear sign of a reversal. Unless buyers step in quickly, the price could drift further toward the $112k support zone next week. A recovery above $117.5k is needed to stabilize momentum, while regaining $118.8k would open the door to retesting $123k and potentially $127k.