While traders monitor a potential head and shoulders pattern on the daily Bitcoin chart, the price consolidates around $111,000. Depending on whether the support holds or breaks, a $10,000 price swing could occur. The market is delicately balanced between a downward break and an upward continuation as investors weigh FNB entries against September’s historical volatility. This forecast outlines potential price movements as consolidation persists.
After last week’s volatility, Bitcoin hovers around $111,356, showing stable intraday movement. The market awaits a clear direction as institutional accumulation conflicts with profit-taking by long-term holders. Bitcoin’s price outlook considers resistance at $112,000 and support near $108,000. Traders analyze this range for future price predictions.
https://altcoin.observer/10000-swing-on-the-imminent-graph/
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