🟠 BITCOIN (BTC) — $113,799.83 | -1.19% | Cap: $2.27T
📊 Current technical analysis:
Bitcoin shows a slight correction of -1.19%, after having momentarily lost the psychological support of $115,000. It is currently trading above its 50-day exponential moving average (EMA50), indicating that while the bullish momentum is slowing down, it still maintains the long-term upward trend structure.
According to Glassnode, the short-term selling pressure comes from new wallets (novice investors), while holders of more than 6 months continue to accumulate. The RSI (Relative Strength Index) is at 52, still in neutral territory, suggesting there is room for consolidation or even for a recovery.
📈 Key resistance: $116,800
📉 Strong support: $111,500
🕵️♂️ MACD: Slight bearish crossover, a signal to watch but not panic.
📌 Projection:
If BTC holds the $113,000 level, it could bounce back to $118,000 in August. However, a sustained loss of support would open the way towards $109,000.
🧭 Strategic Reflection:
Bitcoin has not yet lost its bullish narrative, but it is in a critical technical decision zone.
