key points:
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Bitcoin price action remains low after falling more than 4% in hours.
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Liquidity is already recovering, resulting in rapidly increasing short-term volatility.
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BTC price predictions see a local bottom as low as $114,000.
Bitcoin (BTC) struggled to reclaim $122,000 on Wednesday as exchange users bet on new BTC price volatility.
Bitcoin tracks sideways after tumble to all-time high
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD consolidating after a 4.2% correction following SNAP.
This was widely expected given the all-time high, but the absence of serious upward momentum.
As Cointelegraph reported, rapidly increasing open interest (OI) on the derivatives markets had increased skepticism that Bitcoin could recapture a portion of its recent upside.
“Very efficient price action tbh so low volatility thus far,” popular trader Skew commented in part of an X post on Tuesday as the correction took shape.
Skew later noted “predatory” behavior by traders with large volumes on exchange order books.
Clear PvP -> Predator Price Action Here’s What’s Going On Via Binance Markets Here $BTC
Above Ask Price on the Spot Spoofing on Alias
Spoofing on alias bid below price on perpsHow does the predatory strategy work?
The objective is to temporarily hold or lift the price through perps and then push the market lower…– Skew (@52kskew) October 7, 2025
Overnight, however, liquidity began flowing back into the market, with CoinGlass data showing thickening and ask-side liquidity at the time of writing.
The skew suggested that a “consolidation limit” may be the result.
BTC price takes support at $114,000 into consideration
Others considered where BTC/USD could put in a credible local floor, warning that it could be well below the current spot price.
Connected: BTC October Price Breakout Odds Low: 5 Things to Know in Bitcoin This Week
“There is not much support between $121k-$120k, which means the price could quickly be cut short if there is a selloff,” popular trader Zyn told on Xyx.
“But just below, around $117k, around 190k BTC were last bought. That’s a heavy cluster of recent buyers.”
Zyn used the cost basis of recent buyers to estimate where demand should push the price.
“If we get a pullback into that range, that’s the kind of zone where demand usually shows with strong buyers defending their entries, new capital stepping in.
Using its proprietary trading signals, trading resource Material Indicators also supported $120,000, but said that near Bitcoin’s 50-day simple moving average (SMA), a strong foundation for a surge to $114,000.
For crypto trader, analyst and entrepreneur Michael Van de Poppe, the next buy zone extended to $118,000.
“Bitcoin made a new all-time high, which is often a reference for people to take profits,” he argued.
“Minor pullback and we are interested in our individual zone to buy the potential dip.”
This article does not constitute investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making decisions.
