{"id":102505,"date":"2025-10-06T16:27:02","date_gmt":"2025-10-06T16:27:02","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=102505"},"modified":"2025-10-06T16:27:02","modified_gmt":"2025-10-06T16:27:02","slug":"bitcoin-price-analysis-btc-looking-at-a-pullback-to-118k-before-next-major-leg-up","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=102505","title":{"rendered":"Bitcoin Price Analysis: BTC Looking at a Pullback to $118K Before Next Major Leg Up"},"content":{"rendered":"

Bitcoin has broken above its ATH at the $125K region, signaling strong momentum.<\/p>\n

Nevertheless, the market is now entering a decisive phase, where consolidation or a short-term retracement could shape the next significant directional move.<\/p>\n

Bitcoin Price Analysis: Technicals<\/h2>\n

By Shayan<\/p>\n

The Daily Chart<\/h3>\n

On the daily timeframe, BTC has successfully broken above the flag pattern that confined price action since July, confirming a strong trend continuation. The move above the upper boundary coincided with a surge in momentum that carried the price into the previous supply zone around $124K\u2013$126K, where sellers have started to show mild resistance.<\/p>\n

The bullish structure remains intact, supported by the golden cross between the 100-day and 200-day moving averages, which continue to act as dynamic support lines. As long as the price sustains above $120K, the broader uptrend remains valid, and a clean daily close above $126K could open the path toward $130K\u2013$132K in the short term.<\/p>\n

However, failure to hold above $120K may trigger a healthy retracement toward the mid-range support near $115K, which aligns with the breakout structure and the 0.618 Fibonacci retracement.<\/p>\n

<\/a>Source: TradingView<\/p>\n

The 4-Hour Chart<\/h3>\n

The 4-hour chart shows BTC recently increasing above the $118K decision point, making it a breaker block, and rallying rapidly toward the ATH zone around $125K. The impulsive nature of this move has created a clear imbalance, with potential retracement zones identified between $115K and $113K, aligning with Fibonacci confluence levels (0.618\u20130.702 range).<\/p>\n

This zone serves as a short-term re-accumulation area, and holding above it would confirm continued bullish control. The market is currently consolidating near a liquidity-dense area, suggesting that a brief pullback could attract renewed buying interest before the next leg higher.<\/p>\n

If the price fails to defend the $118K breakout block and the $113K-$115K Fibonacci range, the next key demand lies around $ 109K\u2013$110 K, where strong buying previously initiated the breakout.<\/p>\n

<\/a>Source: TradingView<\/p>\n

Sentiment Analysis<\/h2>\n

By Shayan<\/p>\n

The latest 1-week Binance liquidation heatmap reveals a significant buildup of liquidity zones, with particularly dense liquidation clusters forming around $128K\u2013$130K. These high-density regions indicate where a large volume of leveraged short positions has accumulated, making them ideal targets for potential price continuation or liquidity sweeps.<\/p>\n

Throughout the recent rally from $110K to above $123K, we can observe a steady absorption of lower-level liquidity, each upward impulse clearing prior short positions before consolidating. The presence of major liquidation pockets below the current price, especially around the $120K region, highlights that downside risk is also in play in the short term, suggesting that the market is still poised for a pullback or correction before the next move.<\/p>\n

This shift reflects a market positioning bias where late sellers are entering shorts near resistance, giving Bitcoin room to extend upward toward $128K\u2013$130K as those positions are forced to close.<\/p>\n

If the price maintains its footing above $120K, a short-squeeze continuation into the upper liquidity band appears likely before any meaningful retracement occurs.<\/p>\n

<\/a>Source: Coinglass<\/p>\n

The post Bitcoin Price Analysis: BTC Looking at a Pullback to $118K Before Next Major Leg Up<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin has broken above its ATH at the $125K region, signaling strong momentum. Nevertheless, the market is now entering a decisive phase, where consolidation or a short-term retracement could shape the next significant directional move. Bitcoin Price Analysis: Technicals By Shayan The Daily Chart On the daily timeframe, BTC has successfully broken above the flag […]<\/p>\n","protected":false},"author":0,"featured_media":102506,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-102505","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/102505"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=102505"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/102505\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/102506"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=102505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=102505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=102505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}