Bitcoin, Ethereum, XRP, Dogecoin Reverse Gains, Plummet Over 3%

Benzinga

Bitcoin slipped below $125K amid profit-taking, triggering $616M in liquidations. Analysts see support around $118K–$120K, calling the dip a healthy reset before the next rally.

Transcript

00:00It's Benzinga bringing Wall Street to Main Street.

00:02Cryptocurrency markets are retreating as Bitcoin's uptrend falters due to profit-taking

00:06after an intraday high above $125,000, according to Benzinga. CoinGlass data shows 179,559

00:14traders were liquidated in the past 24 hours for $615.98 million. Crypto trader StockMoney

00:21Lizards noted that the current tip is likely to end around $118,000 to $119,000, setting the stage

00:27for the next upward leg. Cold-blooded Schiller highlighted that bears are temporarily in

00:31control as profit-taking pressures push Bitcoin lower in the short term, validating the minor

00:36pullback. Byzantine General emphasized $118,000 as a key support level, waiting to see if it

00:42holds to provide a favorable entry for the next rally. Crypto UB said Bitcoin's current pullback

00:47is a healthy reset, with an ideal rebound between $119,500 and $120,900 to sustain momentum for

00:55another rally. For all things money, visit Benzinga.com.

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