Bitcoin Stalls Below $118,000 As Traders Brace For Deeper Pullback

Posted On July 23, 2025

Bitcoin (CRYPTO: BTC) remains stuck around the $118,000 level, with traders increasingly cautious as key support zones weaken.

The lack of bullish momentum has prompted several to exit long positions and wait for a deeper retracement before re-entering.

What Happened: CrediBULL Crypto stated on Wednesday that he exited his Bitcoin longs after both the blue zone and hourly demand were breached.

While price hasn’t fully broken down, the repeated failure to hold those supports prompted him to adjust stops and step aside.

A brief bounce followed the liquidity sweep, but persistent passive selling pressure continues to cap price action, mirroring behaviour …