Bitcoin (BTC) just dropped fast — from a recent high of $123K down to $112.7K, losing over $10,000 in just a few days. It’s now trading around $113,141, down 2.47% in the last 24 hours.
❗ Why Did BTC Crash?
1. Support Levels Broke:
Key price levels like $118.9K and $115.5K failed — turning into resistance.
2. Whale Selling:
Big players sold at the top ($123K), causing a chain of stop-loss triggers and panic sells.
3. Weak Buyer Response:
No strong bounce even at the low of $112.7K — bulls aren’t confident.
4. Global Market Fears:
Geopolitical tension, including Trump’s comments on India-Russia ties, may have added pressure.
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📉 Chart Summary
1H & 4H Charts: Trend still bearish. Any bounce looks weak.
Daily Chart: Strong down candle. If BTC breaks $112.7K, the next stops could be $107K or $102K.
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🔮 What’s Next?
Scenario A – Small Bounce (Less Likely):
Only if BTC climbs back above $115.5K with volume.
Scenario B – More Drop (More Likely):
Losing $112.7K could lead to $110K → $107K → $102K.
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🧠 Pro Tips:
Scalpers: Wait for price reaction near $113.7K.
Swing Traders: Avoid buying unless BTC flips $115.5K back to support.
Long-Term Buyers: Watch for DCA zones around $107K–$102K.
Leverage Users: Keep tight stop-losses — high risk.
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🔥 Final Word:
BTC is in a short-term bearish phase. The next 48 hours are key. Don’t panic or FOMO — smart traders stay calm.
Key Levels:
Resistance: $113.7K, $115.5K, $118.9K
Support: $112.7K, $110K, $107K, $102K
