$BTC heading towards $113K:
📉 BTCUSDT 4-Hour Chart Analysis Bitcoin is creating a descending triangle pattern, facing strong rejection at the trendline.
Currently, it's retesting the crucial support area between 116,000–117,000 USDT.
⚠️ If this support zone fails, expect intense selling pressure pushing prices toward 112,000–111,000.
📌 Critical Levels:
🔴 Resistance: 119,500–120,000
🟢 Support: 116,000 (key level), followed by 112,000 Market
Trend: Bearish outlook unless buyers strongly defend the support zone. A volume-driven breakdown could lead to a significant altcoin dump. Monitor the situation closely!