$BTC bounced from the $117,000 support level.
But honestly, I’m still expecting a possible retest around $113,000, just a little cooldown before the next move.
Many traders have already locked in profits, especially with all the uncertainty floating around right now.
This pullback from the all-time high wiped out nearly $100 billion from Bitcoin’s market cap.
What’s interesting is that this correction started right as “Crypto Week” began in Washington, where big decisions around crypto regulations are being discussed.
For now, Bitcoin needs a fresh catalyst if it wants to push beyond the $130,000 mark.
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DYOR, NFA
