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Key Takeaways:
Analysts say the BTC price could fall to a range of $118,000-$120,000 before resuming its upward trend.
Open interest in Bitcoin futures has fallen by $4.1 billion since its peak, which could indicate a "healthy" reversal.
Bitcoin
BTCUSD
has fallen 3.7% from its all-time high of $126,000 and could revisit $118,000 in the next few days, but data suggests that a sustained hold below this level may be short-lived.
Bitcoin could first fall to $118,000
Bitcoin was trading at $121,300 on Friday, after experiencing moderate declines over the past 24 hours, according to data from Cointelegraph Markets Pro and TradingView.
While the macroeconomic situation remains optimistic, analysts agree that the BTCUSD pair could first decline to the $118,000-$120,000 level and then resume its upward trend.$BTC #Whichsectorsareyouwatchingin2025? #Contentmining&Amp;Earnrichcommission #Areyoubullishorbearishtoday? #Btcpriceanalysis #Tradingtipsforvolatility #Fedratecutexpectationsheatup