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Bitcoin is currently in a quiet phase. The price has been moving sideways without any major breakout or breakdown. After a small bounce from last week’s low, many traders are wondering: was that the bottom, or is more downside coming?
Over the past week, Bitcoin has been trading in a narrow range. It moves up slightly, then drops back down, showing no real commitment in either direction. Some analysts thought the recent dip could have been the final low, but the bounce from there wasn’t strong or convincing enough. The price structure suggests that the market hasn’t made a decision yet.
Key Level to Watch: $120,200
For Bitcoin to show real strength, it needs to break above the $120,200 level. So far, that hasn’t happened. The recent rally from last week’s low was weak, and unless Bitcoin climbs above this key level, there’s no confirmation that a new upward trend has started.
Bitcoin Dominance Adds More Clues
Bitcoin dominance recently bounced from a support zone around 60.2 percent and is now stuck in a resistance area. If dominance rises again, it could mean Bitcoin is gaining strength compared to altcoins, which usually happens when traders move their money back into BTC during uncertain times.
What Happens If Bitcoin Drops Again?
If Bitcoin creates another local low below last Thursday’s dip, this could increase the chances of a deeper correction. Analysts are watching the $113,800 support level very closely. A drop toward that level wouldn’t break the overall trend just yet, but falling below it might force traders to rethink the current bullish outlook.
Still No Clear Signal
Right now, Bitcoin remains stuck in a messy range. There are signs of both strength and weakness, but no clear winner. The most recent move upward was weak and short-lived, which suggests that bulls are not in full control. If another low forms and bounces back strongly, that could improve confidence—but until then, the sideways action continues.