Bitcoin broke 113,300 dollars today for the first time in its history, and this is not just a number… it reflects a huge shift in how the market deals with this currency.
📌 The reasons for what is happening are clear, including
Huge investment funds like 'Crypto Blue Chip ETF' have entered the market with all their weight.
American policies have become more supportive, and there's no squeeze like before.
A general state of confidence, and many people have started to see Bitcoin as a digital asset.
But we must ask the important question: Is this the time to enter, or is a correction near?
🔍 What does technical analysis say?
General trend: Strongly bullish, and every break of a resistance level is happening with great momentum.
RSI is entering an overbought area above 80 → which means the market is very hot and might cool down.
MACD is still positive but approaching a crossover point that could signal a drop.
Close support at 100,000 dollars, upcoming resistance around 115,000 dollars.
📉 Chances of a correction:
It is highly likely that a correction will happen, which is natural after such a strong rise.
Timing indicators suggest that within the next 10 days, we might see a drop of 10% - 20%.
→ A drop to 100,000 dollars is very likely if profit-taking or a decrease in liquidity occurs.
🎯 Predictions and scenarios
If a correction happens, it will be a strong entry opportunity if it drops to the 95,000 and 100,000 dollar area, provided there is confirmation of a reversal after the drop.
But the market is in a new pricing phase, and if it continues like this, we are entering a new chapter in digital history.
💡 Don't enter the market while dazzled; enter when you understand. Follow the indicators, stay flexible, and think of a long-term plan… because what's coming is significant, but not without risks.
And this is of course just an analysis and opinion, not financial advice.