Bitcoin Faces Pressure at Weekly Open Amid $113,355 Imbalance Risk

The Bitcoin market saw a volatile week, with a net price loss of 0.07%. Initially, it surged to $118,000 following the US Federal Reserve's first interest rate cut of 2025 but later retraced to approximately $115,700.

Key Market Insights

Bitcoin retested its weekly open at $115,219, a critical level for market sentiment.
The daily fair value gap (FVG) extends down to $113,355, an area of potential price imbalance.
A fall below the weekly open could lead BTC towards $113,355 due to order flow rebalancing.
The previous wick low at $114,367 may provide intermediate support.
Holding above key levels could see a reclaim of $118,000 or even the ATH at $124,000.
A breakdown below $113,355 might target $112,000, $110,000, and $108,000.

Current Market Status

Bitcoin is trading at $115,700, with a 0.98% decline in the last day.
Trading volume dropped by 17.14% to $35.8 billion.
Despite a $2.3 trillion market cap, Bitcoin's dominance is at 57.1% as altcoins outperform during a possible altseason.