📉 Possibility of Bitcoin correction? What does the chart suggest? 📊

Hello, crypto community! 💥 Today we will take a look at the BTC chart and try to understand where the king of cryptocurrencies is headed. 🧐

🔍 What do we see on the chart?

The BTC chart clearly shows the following dynamics:

🔺 Strong upward trend — a sharp increase from around ~92,000 to a peak of about 108,000. This was a powerful impulse, but…

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Sharp pullback after a new high — the price dropped from 108,000 back to 102,669 (at the moment of the screenshot). This is a loss of more than 5,000 in a short time.

📌 Double top formation — a troubling signal.

It seems that BTC was unable to overcome the resistance around 108,000, and profit-taking began.

📉 Break of support level — the area around 103,000, which the price previously tested as support, is now broken down. This could open the way to levels of 100,000 and even 97,000 if the pressure continues.

📈 What does this mean?

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The likelihood of a correction is increasing. There is a decrease in buyer activity in the market, and sellers have begun to dominate after testing the highs. $BTC