๐ป $BTC Pulls Back from $123K ATH to $118K โ Healthy Correction or Warning Sign? ๐ง
After hitting a new all-time high of $123,218, Bitcoin is now cooling off, currently trading around $118,100 (-2.93%). ๐
๐ 24h Range:
High: $121,990
Low: $116,250
๐ง Whatโs Driving the Move?
Profit-taking after a strong 4-week green rally ๐ฐ
Short-term RSI cooling off ๐
Traders watching key supports around $116Kโ$118K
๐ Market Sentiment:
Still bullish on higher timeframes โณ
Pullback viewed as a chance to "buy the dip" by many whales ๐
Weekly trend still intact above MA levels
๐ฏ Key Levels to Watch:
Support: $116K โ $113K
Resistance: $122K โ $125K
If buyers step in, $130K+ remains in sight ๐
This isnโt weakness โ itโs market breathing before the next push. Will you ride the next wave or wait for a deeper dip? ๐
#BTC #BitcoinDip #CryptoCorrection #Binance #BitcoinTrend #BuyTheDip #CryptoTraders #BTCUpdate #Bitcoinprice