The post Bitcoin Price May Test Support Levels Amid Sideways Trading and Market Uncertainty appeared on BitcoinEthereumNews.com.

Bitcoin (BTC) is currently trading near $118,000, holding steady with sideways movement between $116,000 and $119,000, while key support at $117,888 may determine short-term price direction. Hourly charts indicate a critical support level at $117,888, which could trigger a test of $117,500 if broken. Weekly candle closure near $119,482 is crucial; deviation may lead to a drop toward $112,000, according to COINOTAG analysis. ‘, ‘ 🔒 Secure and Fast TransactionsDiversify your investments with a wide range of coins. Join now! ‘, ‘ 💎 The Easiest Way to Invest in CryptoDont wait to get started. Click now and discover the advantages! ‘ ]; var adplace = document.getElementById(“ads-binance”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBinance”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBinance.length) : sessperindex; adplace.innerHTML = adscodesBinance[adsindex]; sessperindex = adsindex === adscodesBinance.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBinance”, sessperindex); } })(); Bitcoin price analysis reveals stable trading near $118K with key support at $117,888. Stay updated on BTC trends with COINOTAG’s expert insights. What is the current state of Bitcoin (BTC) price movement? Bitcoin (BTC) is experiencing sideways trading, maintaining a price range between $116,000 and $119,000. This consolidation phase reflects market indecision, with neither bulls nor bears dominating. The price stability suggests a potential buildup of momentum for a significant move. ‘, ‘ 🔥 The Power of the TRON Ecosystem is Yours!Click now to discover exclusive opportunities! ‘, ‘ 💎 Profit Opportunities on the TRON NetworkJoin now to strengthen your investments! ‘ ]; var adplace = document.getElementById(“ads-htx”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexHtx”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesHtx.length) : sessperindex; adplace.innerHTML = adscodesHtx[adsindex]; sessperindex = adsindex === adscodesHtx.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexHtx”, sessperindex); } })(); How does the hourly chart inform Bitcoin’s short-term support levels? The hourly chart…

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Filed under: News - @ July 27, 2025 2:25 pm