Bitcoin is showing some struggle near its peak around *109,556.87* โ ๏ธ โ itโs hitting resistance and may face a short-term dip before it can gather strength for another push up ๐.
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*Whatโs happening?*
- Bitcoin tried to break past recent highs but got rejected, indicating sellers are still active here ๐
- Overbought conditions suggest a pullback could happen to shake out weak hands ๐งน
- A dip now could build a stronger base for a healthier next rally ๐
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*Take Profit Targets:*
1๏ธโฃ113,000 โ if BTC breaks resistance on a bounce
2๏ธโฃ 118,500 โ next major psychological level
3๏ธโฃ125,000 โ aiming for fresh all-time highs
*Stop Loss:* 105,000 โ below key support to protect capital if the dip deepens
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*Prediction:*
Bitcoin might dip a bit in the short term to around105k or slightly lower before buyers step back in. This pullback is healthy to avoid a sharp crash and prepare for the next leg up. If support holds strong, expect a reversal towards the take profits mentioned. But if support fails, deeper correction could happen.
Stay patient, watch the volume and support zones carefully ๐. Bitcoinโs strength remains intact but needs to clear this resistance for a solid bull run continuation.
Ready to ride the waves? Keep your stops tight and take profits smart! ๐๐