Critical Levels for Bitcoin: Is the Current Correction Igniting a Leap Towards a New Peak?
Bitcoin has seen a decline towards $103,300 as the U.S. Federal Open Market Committee (FOMC) decision approaches, amid rising geopolitical tensions between Israel and Iran, prompting traders to reduce risk.
💸 Profit-taking movement from medium whales
Investors who bought during the past 6-12 months have realized profits amounting to $904 million – reflecting a shift in market behavior towards quick liquidity instead of long-term holding.
📌 Critical levels now:
Important support: $102,000 (liquidity zone + historical level).
Nearby resistance: $106,000 (midpoint of Bollinger Bands).
A breakout above $106,748 could open the way towards $112,000.
A clear break below $100,000 could lead to $98,000.
📈 Are we witnessing a historical rebound or the beginning of a deeper decline?
The coming weeks will be crucial. Markets are awaiting the U.S. interest rate decision, looking for a reversal in liquidity movement and technical indicators.
🚀 Share your opinion: Do you see this pullback as a buying opportunity before a new wave of ascent? 🤔👇
