🚨📊 Has Bitcoin found the floor or is there still a drop to come?
After the strong pullback in recent days, the big question on the market is a single one:
🧐 Have we seen the bottom of this correction?
From a technical standpoint, there are mixed signals.
✅ The price reacted strongly at a key support zone.
✅ The RSI has started to come out of oversold levels. ✅ Massive liquidations have wiped out much of the excess leverage.
But there are also factors that urge caution:
⚠️ Bitcoin is still trading below important resistances.
⚠️ The buying volume hasn't shown a strong capital influx yet.
⚠️ If the last relevant support is lost, new cascading sells could trigger.
📈 Bullish scenario: Buyers defend the current zone and BTC starts to reclaim higher highs and higher lows, confirming that the correction is over.
📉 Bearish scenario: The current recovery turns out to be just a technical bounce, and the price seeks liquidity at lower levels before starting a new push.
🎯 Historically, the healthiest corrections in bull markets tend to generate the maximum pessimism just before the rebound.
💥That's why, rather than trying to guess the exact floor, many traders are watching if the market can recover bullish structure over the next few days.
👀 Next week could determine if this drop was just a simple correction... or the beginning of a deeper bearish phase.
#bitcoin #BTC
And what do you think? Have we seen the floor? Or is there still a basement left? 😁
I’m all ears👇
After the strong pullback in recent days, the big question on the market is a single one:
🧐 Have we seen the bottom of this correction?
From a technical standpoint, there are mixed signals.
✅ The price reacted strongly at a key support zone.
✅ The RSI has started to come out of oversold levels. ✅ Massive liquidations have wiped out much of the excess leverage.
But there are also factors that urge caution:
⚠️ Bitcoin is still trading below important resistances.
⚠️ The buying volume hasn't shown a strong capital influx yet.
⚠️ If the last relevant support is lost, new cascading sells could trigger.
📈 Bullish scenario: Buyers defend the current zone and BTC starts to reclaim higher highs and higher lows, confirming that the correction is over.
📉 Bearish scenario: The current recovery turns out to be just a technical bounce, and the price seeks liquidity at lower levels before starting a new push.
🎯 Historically, the healthiest corrections in bull markets tend to generate the maximum pessimism just before the rebound.
💥That's why, rather than trying to guess the exact floor, many traders are watching if the market can recover bullish structure over the next few days.
👀 Next week could determine if this drop was just a simple correction... or the beginning of a deeper bearish phase.
#bitcoin #BTC
And what do you think? Have we seen the floor? Or is there still a basement left? 😁
I’m all ears👇