What Will Bitcoin’s Next Bottom Be? Analysis Forewarns $114,000 Drift

Important points

• Bitcoin’s price is still lower, despite a drop of over 4% within hours.

• The liquidity is recovering and short-term volatility will increase as a consequence.

• BTC prices are predicted to reach a bottom of $114,000 locally.

BitcoinBTC() failed to claim $122,000 as users on the exchange betted on new BTC price volatility on Wednesday.

Bitcoin tracks down after all time high.

Data Cointelegraph Markets Pro The following are some examples of how to get started: TradingView showed BTC/USD consolidating after a snap 4.2% correction The previous day

It was widely expected, given the number of all-time records that have been reached without any serious upward movement.

The following are some of the ways to get in touch with us. Cointelegraph reportedOpen interest (OI), which has been rapidly rising on derivatives exchanges, had increased suspicions about Bitcoin’s ability to retrace part of its recent rise.

“Very efficient price action tbh hence the low volatility thus far,” Skew, the trader in question, commented on an article. X post The correction began to take shape on Tuesday.

Skew is subsequently noticed “predatory” Behavior of large volume traders in exchange order books

Clear PvP -> Predatory price action on-going here via binance market on $BTC

Sporking on the price aka asking for more than it is worth
Spoofing the bid or a lower price for perps

What is the strategy of predatory attack?
Aim is to temporarily hold or lift price via perps & then push market lower by…

— Skew Δ (@52kskew) October 7, 2025

Data from CoinGlass shows that liquidity has increased on both the ask and bid side.

Skew suggested That a “consolidation range” There are many possible outcomes.

BTC’s price support brings $114,000 into focus

Some people have looked at where BTC/USD can be a local reliable floor. They warn that it may well be below the current price.

Related: BTC October price breakout odds low: 5 things to know in Bitcoin this week

“Between $121K–$120K there isn’t much support, which means price can cut through quickly if selling picks up,” trader ZYN reported You can find X on the X

“But just below, around $117K, nearly 190K BTC were last bought. That’s a heavy cluster of recent buyers.”

ZYN uses the recent cost base of buyers to forecast where the demand will be bolstered. 

“If we get a pullback into that range, it’s the kind of zone where demand usually shows up strong buyers defending their entries, new capital stepping in. In short: weak cushion at $121K, but a very real floor forming at $117K,” He said.

Material Indicators’ proprietary trading signals also indicated $120,000 in support but stated that a firmer foundation would be needed for the bounce. lay at $114,000Bitcoins simple moving (SMA) is 50 days.

For crypto trader, analyst and entrepreneur Michaël van de Poppe, the next buy zone extended down to $118,000.

“Bitcoin made a new all-time high, which is often a reference for people to be taking profits,” he rationalized. 

“Slight pullback and we’re approaching my personal area of interest for potential dip buying.”

The article is not intended to provide investment advice. Each investment or trading decision involves some risk. Readers should do their own research before making any decisions.