Bitcoin price is trading around $111,500. A loss out of this area could trigger a deeper correction below $100,000 and towards lows in the $97,700 range.
summary
- Bitcoin is trading within the high timeframe of $126,000 to $97,700.
- $111.5,000 serves as a key axis for short-term direction.
- Losing this level could cause the correction to fall below $100,000 before recovery.
Bitcoin (BTC) price is at a critical juncture, trading within a wide range of highs following its all-time high near $126,000. The current structure of the market suggests that further correctional movements may occur before a stronger bullish continuation forms.
The $100,000 threshold could soon become a major battleground for traders and investors alike, as potential macroeconomic tightening, ETF trends, and institutional positioning impact sentiment.
Key factors to note for Bitcoin price
- Range structure: Bitcoin’s time frame high range extends from an all-time high of $126,000 to a low of $97,000, with midrange support near $111,000.
- Major support zones: A confirmation below the $111.5,000 area could trigger a rotation towards the lows of the $97,7,000 range for a deeper bullish retest.
- Macro and ETF dynamics: Profit-taking by institutional investors, reduced ETF inflows, or potential macroeconomic tightening could accelerate short-term downward pressure.
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BTCUSD (1D) chart, source: TradingView
After Bitcoin rose to an all-time high near $126,000, momentum subsided and the price trend entered a broad consolidation zone. The low of the range lies at $97,700, a level that has yet to be reconsidered since the impulsive breakout confirmed the previous bull run. The midpoint of the range, located near $111,500, is currently serving as an important axis for directional bias.
Currently, the closing price of the candlestick remains above the mid-range, indicating temporary resilience. However, if Bitcoin begins to close decisively below this level, a deeper correction towards $97,700 could be validated.
Such a move would not necessarily invalidate the broader bullish structure, but would serve as a more complete retest of the range base before a new accumulation phase unfolds.
ETF inflows and Macroeconomic tightening
On the fundamentals side, ETF inflows remain the primary driver of demand. The previous price rally was strongly supported by sustained institutional inflows into Spot Bitcoin ETFs. If these capital inflows stall or reverse due to profit taking, regulatory uncertainty, global macro risk aversion, etc., the temporary liquidity vacuum could amplify downside price movements.
Selling by institutional investors in leveraged markets has historically caused cascading liquidations, and this movement can lead to rapid corrections before equilibrium is restored.
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Adding to the uncertainty is the potential macroeconomic tightening scenario. If the Federal Reserve and other central banks maintain a hawkish stance or continue to restrict liquidity, demand for risky assets such as Bitcoin could fade. Conversely, a dovish pivot or easing cycle could reignite demand and encourage new accumulation by institutional investors.
What to expect from future price trends
In the short term, Bitcoin's ability to defend the $111,500 region will be critical. A decisive loss at this level could trigger a sweep of liquidity below $100,000 toward $97,700, potentially completing a technical retest before the next significant expansion.
If buyers can maintain control above the midrange, Bitcoin could stabilize and prepare for further upside towards the $120,000 to $126,000 area.
read more: BTC Price Prediction: Is Pre-CPI Volatility the Calm Before the Storm?
