Bitcoin in pressure zone: technical correction or bearish alert?
Recent maximum price: $111,381
Current correction: $107,316
Approximate drop: -3.6%
Bitcoin has retraced from its recent all-time high of $111,381, settling around $108,400. This movement has awakened both caution and optimism among traders and investors.
What is happening?
The correction seems to respond to a natural profit-taking, without yet breaking the underlying bullish structure. But there are mixed signals:
Key technical analysis:
Critical support: $106,500, if lost, we could see a drop to $102,000.
Immediate resistance: $111,000 breaking it could take us towards $115,000.
RSI/MACD indicators: reflect a slowdown in momentum but still without clear bearish divergences.
But attention…
BlackRock has just acquired 8,000 BTC for $877.2 million, marking the largest institutional entry of the month.
This is a powerful backing of institutional confidence. Whales are accumulating.
Macro context:
Growing institutional accumulation.
Geopolitical narratives driving demand for decentralized assets.
The recent halving keeps the supply limited, accentuating the supply/demand imbalance.
Although BTC is correcting, the presence of players like BlackRock marks a strong psychological floor. In the worst-case scenario, the bearish trend could extend until the selling pressure is exhausted, but institutional interest suggests a potential strong recovery.
Do not ignore the movement of the whales… because where they buy, the market usually responds.
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