📉 Bitcoin Pulls Back — Breakout Loading or Storm Brewing? ⚡
After hitting a fresh ATH of $123,200, $BTC is cooling off — now trading below $120K and the 100-hour SMA. Here’s what’s next:
🟡 Recent Price Action:
BTC hit $123,140 before retracing.
Now holding around the 50% Fib level of the $108,636 to $123,140 move.
Broke above a bearish trendline near $117,300 but struggling to reclaim $120,000.
📈 Upside Scenario:
Immediate resistance: $118,500
Break above $120K = bullish momentum
Above $122K → retest ATH ($123,200) 🔁
If bulls win, next targets: $125K → $130K
📉 Downside Risk:
First support: $115,850
Key levels to watch: $115,500 and $114,150
Break below $114K could open the path to $112,500 and even $110,500
📊 Indicators:
MACD: Bearish momentum increasing
RSI: Below 50 — sellers in control
#BTCWhaleTracker #CPIWatch #USCryptoWeek #AltcoinSeasonLoading #BTC120kVs125kToday
🧠 Will BTC hold $115K and bounce, or are we in for deeper correction?
Drop your thoughts below 👇
After hitting a fresh ATH of $123,200, $BTC is cooling off — now trading below $120K and the 100-hour SMA. Here’s what’s next:
🟡 Recent Price Action:
BTC hit $123,140 before retracing.
Now holding around the 50% Fib level of the $108,636 to $123,140 move.
Broke above a bearish trendline near $117,300 but struggling to reclaim $120,000.
📈 Upside Scenario:
Immediate resistance: $118,500
Break above $120K = bullish momentum
Above $122K → retest ATH ($123,200) 🔁
If bulls win, next targets: $125K → $130K
📉 Downside Risk:
First support: $115,850
Key levels to watch: $115,500 and $114,150
Break below $114K could open the path to $112,500 and even $110,500
📊 Indicators:
MACD: Bearish momentum increasing
RSI: Below 50 — sellers in control
#BTCWhaleTracker #CPIWatch #USCryptoWeek #AltcoinSeasonLoading #BTC120kVs125kToday
🧠 Will BTC hold $115K and bounce, or are we in for deeper correction?
Drop your thoughts below 👇