🔻 $BTC Pulls Back from $123K ATH to $118K – Healthy Correction or Warning Sign? 🧐
After hitting a new all-time high of $123,218, Bitcoin is now cooling off, currently trading around $118,100 (-2.93%). 📉
📊 24h Range:
High: $121,990
Low: $116,250
🧠 What’s Driving the Move?
Profit-taking after a strong 4-week green rally 💰
Short-term RSI cooling off 📉
Traders watching key supports around $116K–$118K
🔍 Market Sentiment:
Still bullish on higher timeframes ⏳
Pullback viewed as a chance to "buy the dip" by many whales 🐋
Weekly trend still intact above MA levels
🎯 Key Levels to Watch:
Support: $116K → $113K
Resistance: $122K → $125K
If buyers step in, $130K+ remains in sight 🚀
This isn’t weakness — it’s market breathing before the next push. Will you ride the next wave or wait for a deeper dip? 🌊
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