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Why Bitcoin is pulling back today⁉️ 1. Profit‑Taking After New ATH 🚩 After peaking near $123K yesterday, many traders cashed out to lock in gains. CryptoQuant’s Tarek J confirms this is normal behavior—not panic triggered by negative news. 2. Overbought Technicals** Momentum indicators (RSI, MACD) are flashing overbought signals after the rally, suggesting a natural cooldown or consolidation toward the \$110–$120K zone. 3. Mixed Macro Signals** Earlier bullish momentum was driven by optimism around “crypto week” policy in the U.S. ([ABC News][2]). But now, broader macro trends like liquidity shifts, Treasury yields, and the Federal Reserve's stance may be giving investors pause. * Bitcoin surged to a record, and now traders are taking profits. * The charts say it's due for a breather. * And macroeconomic factors—like rising bond yields or Fed uncertainty—are nudging investors to stay cautious for now. ### 👀 What to Watch Next: * **Support Levels**: \$120K first, then \~\$110K–112K (near the 50‑day EMA) ([DailyForex][3]). * **Institutional Flows**: Continued ETF inflows or progress on regulatory clarity could reignite the rally. * **Macro Moves**: Watch U.S. policy updates, Treasury yields, and liquidity signals: they all impact risk assets like Bitcoin. **Bottom line**: Today’s decline isn’t a crash—it’s a typical pullback after a sharp rally. If support holds, we could see consolidation before the next leg higher. #BTC120kVs125kToday #USCryptoWeek
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$BTC Flipped Amazon in Market Cap 🚀💥 What started as internet magic money has now surpassed one of the world’s biggest tech giants 🌐📉📈 Bitcoin isn’t just catching up — it’s rewriting the financial hierarchy 🟠👑 Wild to witness how far $BTC has come… and the craziest part? It still feels like we’re early⏳💡 #LFG #Bitcoin #CryptoRevolution #StillEarly
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A day in Crypto Trader Life #BTC120kVs125kToday #StrategyBTCPurchase $BTC
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$ADA $ADA Bullish Pennant Formation #ADA is consolidating inside a bullish pennant on the 1-hour chart after a strong rally from $0.56 → $0.77. 🔹The pole is formed by a steep breakout 🔸Price is now tightening within converging trendlines 🔹Classic sign of continuation if breakout occurs to the upside Breakout Zone: Watch for a breakout above $0.76–$0.77 If confirmed, next targets = $0.80, $0.83 and $0.88 Invalidation Level: Breakdown below $0.70 negates the pennant structure Tight structure — breakout likely soon⏳ #ADA
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📊 VIP MARKET UPDATE: $BTC DOMINANCE BTC.D has broken down from a rising wedge and is now retesting below the pattern. ✅ A successful retest = likely more downside in BTC.D 🤖 Which typically = bullish momentum for altcoins Altcoins might shine if this move confirms. $BTC #BTC120kVs125kToday #altsesaon #AltSeasonComing
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