Key Notes

Technical analysis identifies two major liquidation zones at $116,800 and $119,000 that could serve as price magnets for Bitcoin's next move.

The cryptocurrency successfully tested the 50-day exponential moving average support level, establishing a foundation for potential upward momentum.

Bitcoin's correlation with the S&P 500 remains strong, making both assets sensitive to macroeconomic developments and recession concerns.

Bitcoin BTC $115 477 24h volatility: 1.6% Market cap: $2.30 T Vol. 24h: $32.75 B price has once again experienced high volatility events in a short period of time, flirting with its previous all-time high just to retrace back to the $112,000 level, following macroeconomic uncertainty triggered by unexpected jobs data. An ana

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