$BTC #BTCUSDT #CryptoAnalysis
Bitcoin is experiencing a slight decline after testing the level of 120,695 as a resistance area, as it was unable to hold above it.
🔹 The overall trend is still upward, supported by the price maintaining above the moving averages (EMA7 and EMA25).
🔹 RSI at 52.5 indicates a relative balance without overbought or oversold conditions.
🔹 MACD shows a slight negative crossover while positive momentum remains limited.
🔹 Trading volume has significantly decreased, reflecting weak buying momentum at the peaks.
📌 Nearest support: 118,158
📌 Nearest resistance: 120,695 – breaking this level may bring the price back to 123,000
✍️ Technical Opinion:
The current correction is healthy within an upward trend. If the price maintains support at 118K with a return of momentum, we may see a new attempt to break the recent peak.