On reaching its recent all-time high of $124,000 the Bitcoin price dropped precipitously, losing $9,000 since Thursday. That said, Momentum indicators have had the opportunity to reset. The next upward impulse may very soon be on the way.
Long liquidations crush the bulls
The crypto market suffered one of its habitual bloodbaths on Sunday and into Monday, with more than half a billion dollars of value liquidated across the board. More than five times long to short traders were liquidated, showing that the bears were firmly in control.
The new week has opened with the bulls attempting to stop the rot. Will there be another sharp flush down to the area of $112,000, or is the next upward impulse about to kick in?
Is a reversal back to the upside on the way?
Source: TradingView
Not long after making an all-time high, the $BTC price plunged back down to the top of the bull flag, and has now dropped back inside. The bears are probably congratulating themselves on an important vi
We współpracy z: https://cryptodaily.co.uk/2025/08/bitcoin-btc-drops-9000-from-all-time-high-is-the-correction-done
