Here’s Bitcoin price levels to watch as BTC acts as stablecoin
After dropping below the crucial $110,000 support zone, Bitcoin (BTC) has entered a prolonged consolidation phase, with a trading expert identifying key price levels to watch. Specifically, Analysis by Ted Pillows indicates that with limited movement, the leading digital currency is showing signs of acting like a stablecoin, which could be the calm before volatility, he said in an X post on September 28. Bitcoin price analysis chart. Source: Ted Pillows According to his insights, at the current level, the $107,000 mark stands as immediate support. If that area fails to hold, Pillows noted that Bitcoin could fall toward the $100,000 zone, where stronger demand is expected. On the flip side, reclaiming $113,500 would put bulls back in control, opening the way toward $118,000 and potentially the $124,000 resistance. Bitcoin price remains in the chop zone Meanwhile, Analysis by BitBull offered another outlook for Bitcoin amid the current indecision by tr...