Here’s Bitcoin price levels to watch as BTC acts as stablecoin

After dropping below the crucial $110,000 support zone, Bitcoin ( BTC ) has entered a prolonged consolidation phase, with a trading expert identifying key price levels to watch. Specifically, analysis by Ted Pillows indicates that with limited movement, the leading digital currency is showing signs of acting like a stablecoin , which could be the calm before volatility, he said in an X post on September ￰0￱ price analysis chart.) of $114,166. This suggests a short-term bearish trend, as the price is underperforming relative to recent average ￰1￱ 14-day Relative Strength Index ( RSI ) stands at 37.72, indicating that Bitcoin is approaching oversold ￰2￱ image via Shutterstock