๐จ Bitcoin Market Update ๐จ
Bitcoin recently hit a new all-time high near $124K โ but quickly faced a 4% correction, now trading around $118Kโ$119K.
๐ Key Highlights:
ETF inflows + institutional demand fueled the ATH.
US 401(k) retirement plans are opening to crypto โ mass adoption signal โ
Correction triggered by high inflation data (PPI) + profit-taking.
Technical view: Bearish engulfing candle, RSI near oversold, MACD turning negative.
Key support levels: $115K โ $110K.
Bullish scenario: After pullback โ next rally towards $175Kโ$250K ๐
Bearish scenario: Possible retest of $100K before another leg up ๐
๐ณ Whale Watch: One strategy wallet now holds 3% of total $BTC supply (~629,000 BTC). Citi notes adoption + ETF inflows are the real price drivers now.
โ Community Question:
Is this dip a buying opportunity, or are we heading for a $100K support test?
๐ฌ Share your view โ Bullish or Bearish? ๐
#bitcoin #BTC #CryptoUpdate #BinanceSquare #CryptoNews
Bitcoin recently hit a new all-time high near $124K โ but quickly faced a 4% correction, now trading around $118Kโ$119K.
๐ Key Highlights:
ETF inflows + institutional demand fueled the ATH.
US 401(k) retirement plans are opening to crypto โ mass adoption signal โ
Correction triggered by high inflation data (PPI) + profit-taking.
Technical view: Bearish engulfing candle, RSI near oversold, MACD turning negative.
Key support levels: $115K โ $110K.
Bullish scenario: After pullback โ next rally towards $175Kโ$250K ๐
Bearish scenario: Possible retest of $100K before another leg up ๐
๐ณ Whale Watch: One strategy wallet now holds 3% of total $BTC supply (~629,000 BTC). Citi notes adoption + ETF inflows are the real price drivers now.
โ Community Question:
Is this dip a buying opportunity, or are we heading for a $100K support test?
๐ฌ Share your view โ Bullish or Bearish? ๐
#bitcoin #BTC #CryptoUpdate #BinanceSquare #CryptoNews