Bitcoin kicked off Friday with notable buying pressure as the bulls sought to recover from the previous day’s decline. They pulled back some of the losses and were optimistic about the next price action. However, trading actions at the time of writing signify that prices went south.  The apex coin retraced from $122,582, breaking below $120k for the second time this week. It continued downward and is trading at $116,032. Down by over 4% already, the asset shows no signs of halting its decline.  Aside from prices, the derivatives market is seeing massive liquidation. Long positions worth over $1 billion were liquidated over the last 24 hours. The bears are currently the top gainers, accounting for a meager portion of the total rekt capital. Seeing the massive dips across the market, many investors already guessed that the fundamentals were the trigger. US President Donald Trump recently threatened new tariffs on China, sparking the large selloffs. The dreams of uptober are gradually fading as the apex coin is edging closer to the price it opened in October. On the 1-month scale, it has shed off almost 70% of its accumulated gains and may lose more. Will Bitcoin Continue Downwards? There are no indications of an ongoing buyback at the time of writing. It means the apex coin may plummet further.  The bollinger bands on the 1-day chart reveal that a slip below $116k may not mark the end to the downward momentum. It is worth noting that Bitcoin dropped below the middle band. Failure to defend the current mark will see the coin dip lower. Previous price movements show that the apex coin broke above the upper band a few days ago. It is a contributing factor to the ongoing decline, and the indicator suggests further movement to the lower band at $106k. If this reading holds, the asset will fall below the $115k mark, dropping to around $110k. However, the $115,000 is an accumulation level; prices may hover around this mark before a breakout. The post Will Bitcoin Break Below $115k? appeared first on CoinTab News.Bitcoin kicked off Friday with notable buying pressure as the bulls sought to recover from the previous day’s decline. They pulled back some of the losses and were optimistic about the next price action. However, trading actions at the time of writing signify that prices went south.  The apex coin retraced from $122,582, breaking below $120k for the second time this week. It continued downward and is trading at $116,032. Down by over 4% already, the asset shows no signs of halting its decline.  Aside from prices, the derivatives market is seeing massive liquidation. Long positions worth over $1 billion were liquidated over the last 24 hours. The bears are currently the top gainers, accounting for a meager portion of the total rekt capital. Seeing the massive dips across the market, many investors already guessed that the fundamentals were the trigger. US President Donald Trump recently threatened new tariffs on China, sparking the large selloffs. The dreams of uptober are gradually fading as the apex coin is edging closer to the price it opened in October. On the 1-month scale, it has shed off almost 70% of its accumulated gains and may lose more. Will Bitcoin Continue Downwards? There are no indications of an ongoing buyback at the time of writing. It means the apex coin may plummet further.  The bollinger bands on the 1-day chart reveal that a slip below $116k may not mark the end to the downward momentum. It is worth noting that Bitcoin dropped below the middle band. Failure to defend the current mark will see the coin dip lower. Previous price movements show that the apex coin broke above the upper band a few days ago. It is a contributing factor to the ongoing decline, and the indicator suggests further movement to the lower band at $106k. If this reading holds, the asset will fall below the $115k mark, dropping to around $110k. However, the $115,000 is an accumulation level; prices may hover around this mark before a breakout. The post Will Bitcoin Break Below $115k? appeared first on CoinTab News.