Bitcoin price is trading near $111,500. Losing this region could trigger a deeper correction below $100,000 toward the $97,700 range low.

Bitcoin’s (BTC) price is entering a critical juncture as it trades within a broad high time frame range following its all-time high near $126,000. The market’s current structure suggests potential for further corrective movement before a stronger bullish continuation can form.

With potential macroeconomic tightening, ETF dynamics, and institutional positioning all influencing sentiment, the $100,000 threshold could soon become a major battleground for traders and investors alike.

Bitcoin price top factors to watch

• Range Structure: Bitcoin’s high-timeframe range extends from the $126K all-time high to the $97.7K range low, with mid-range support near $111.5K.
• Key Support Zone: A confirmed breakdown below the $111.5K region could trigger a rotation toward the $97.7K range low for a deeper bullish retest.
• Macro and ETF Dynamics: Institutional profit-taking, reduced ETF inflows, or potential macroeconomic tightening could accelerate short-term downside pressure.

After rallying to a record high around $126,000, Bitcoin’s momentum has cooled, and the price action has entered a wide consolidation zone. The range low sits at $97,700, a level that has yet to be revisited since the impulsive breakout confirmed the previous bull leg. The range midpoint, positioned around $111,500, is now acting as a critical pivot for directional bias.

Currently, candle closures remain above the mid-range, indicating te

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Author: Aziz Zamani