Bitcoin soared to a high of $123,218, but has since cooled down — now hovering around $117,143.
While some panic at red candles, seasoned traders know:
📉 Dips are where the smart money buys.
This isn’t a crash — it’s a breather. And that pause might just be the launchpad BTC needs to reclaim $124K and beyond.
📊 Why BTC Could Be Gearing Up for a Big Bounce
🔹 Healthy Pullback
Price is finding support between $116,400 – $117,000 — a classic dip within an uptrend.
🔹 RSI Near Oversold (31.22)
We’re close to the reversal zone. Historically, this signals that sellers are running out of steam.
🔹 MACD Flattening (-124.58)
Still bearish, but losing momentum. This often precedes a bounce.
🔹 Stochastic Setup (K: 44, D: 51)
These levels hint at a potential bullish crossover coming soon.
🔹 Volume Holding Up
Even during this drop, big hands are still active — could whales be quietly accumulating?
🎯 Trade Setup: Buying the Dip?
If BTC holds support, the upside looks strong.
✅ Buy Zone: $116,500 – $117,300
🎯 TP1: $120,500
🎯 TP2: $123,200
🛑 SL: $114,900 (just below key support)
🔥 Final Thoughts:
This is not a breakdown — it’s a reset.
The indicators are showing signs of a bounce forming.
If bulls step in, BTC could rip back toward $123K+ in no time.
👇 Is this just the calm before the next breakout?
Share your thoughts below!
❤️ Like if you’re buying the dip
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