BTC price action reflects a tug-of-war between weak bulls and bears, but Bitcoin breaking down is firmly on the cards.

Bitcoin’s BTC tickers down $25,745 bullish momentum is “fading” as liquidity shifts preempt a volatile move, a new analysis warns.

In an X post on Sep. 6, Keith Alan, co-founder of monitoring resource Material Indicators, flagged fresh shifts on the Binance order book.

Analyst: Bitcoin bulls and bears both lack “real strength”
BTC’s price has stayed tightly rangebound since the weekend, but exchange data suggests that the status quo may be about to change.

Publishing a snapshot of the BTC/USD order book on Binance, Alan cautioned over what he called “concerning” changes in liquidity.

Bid support moved down to concentrate around $24,600 on the day, with that price level not seen on spot markets since March.

“What is most concerning here is that the largest concentrations of BTC bid liquidity have now moved below the previously established Lower Low at the bottom of the range,” part of an accompanying commentary stated.

BTC/USD put in its lowest post-March dip in mid-June, reaching $24,750 before reversing higher, data from Cointelegraph Markets Pro and TradingView confirms.

Source - Coin Telegraph