However, BTC price momentum has noticeably stalled since those coins started moving, and the market is struggling to regain upward traction. A breakdown from this current trading range could send BTC to retest the $113,500 level next, which may serve as a key area of interest for buyers. This level could be decent to look for if the price does reach this range.
Furthermore, BTC remains within its range, and if the selling of more coins accelerates, maintaining the $113.500 support could be difficult.
This sell-off has driven the price below the $115,000 mark, while BTC is now trying to stabilize, and traders are looking to see if further downside pressure will follow.
