🚨 $BTC Hits New ATH Near $112,000! 🚨
Will a Correction Follow? Or Will There Be a Continued Breakout?
Bitcoin has just printed a new All-Time High, reaching $111,950 in the previous session before slightly weakening to around $111,000.
📊 What Happened?
• Price has risen nearly +20% year-to-date (YTD)
• This surge has triggered a wave of large short liquidations across various exchanges
• High volume and marubozu candles reinforce the breakout signal
• RSI currently at level 78 — indicating overbought conditions
🔍 What’s Next?
• Momentum remains strong, but potential short-term correction needs to be watched
• Major psychological support: $108,800 – $109,400
• If a correction occurs, it could be a healthy retracement before continuing the upward trend
📈 Macro Signals Still Positive:
Spot ETF, institutional adoption, and improving global sentiment remain the main fuel for this rally.
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💬 Is it time to take profits or is it actually buy the dip?
What’s your strategy in dealing with overbought phases like this?
