Bitcoin has traded around $116,000, with some pullbacks seen over the past few days. On July 25, BTC fell to $114,960, triggering $130 million in long liquidations across trading platforms. However, analysts say this was a normal correction in an ongoing uptrend.

Swissblock stated, “The trend remains bullish. Corrections at low risk levels = opportunity, not exit.” Their Bitcoin risk index remains at zero, suggesting no immediate risk of deep losses.
Technical analysts are watching the $115,000 level closely. A close below this could push Bitcoin toward $113,500. Should it break that level, prices might dip to $110,530, where buyers are expected to return.