๐จ BTC Rejected After Hitting $118K ATH! Whatโs Next? ๐ง๐
Bitcoin just made history by hitting a fresh all-time high at $118,000! But right after, it faced heavy rejection, dropping back slightly and now everyone is asking:
Is this just a normal pullback, or the start of a bearish trend?
๐ What analysts say:
โ Many analysts see this rejection as healthy profit-taking, not a full trend reversal.
โ Key support zones to watch: around $105Kโ$108K โ if BTC holds above this, bulls stay in control.
โ Resistance zone: $118Kโ$120K โ BTC needs strong volume to break and hold above this to continue the rally.
๐ Is it bearish now?
โ ๏ธ Right now, itโs more like sideways consolidation after a huge run-up โ not a confirmed bearish trend.
Some short-term correction is normal after such a massive surge.
๐ What could happen next?
โญ If BTC breaks back above $118K with strong volume โ target could extend to $125Kโ$130K.
โญ If it fails and drops below $105K โ deeper correction towards $95Kโ$100K possible.
๐ Bottom line:
BTC is showing resistance at the new ATH, but the big picture remains bullish as long as it holds key supports.
Most analysts still expect more upside later this year โ but short-term volatility is likely.
