Bitcoin Drop: Will Key Support Hold?
Bitcoin (BTC) is witnessing a 3% decline below $115,000 amid tariff concerns and profit-taking.
📊 But will the support between $114K and $117K hold?
🔍 Technical Analysis:
Strong Support: Between $114,488 and $116,981 (0.5 - 0.618 Fibonacci).
RSI: In the neutral zone - neither overbought nor oversold.
MACD: Tends to cross negatively.
📉 If support is broken: We could see a decline towards $108,000.
📈 If it rebounds: The next target is $120K and then $130K.
🌍 External Pressure Factors:
US tariffs strengthen the dollar.
Anticipation in US jobs data could change the Fed's direction.
Continued institutional support builds long-term confidence.
🛡️ Bitcoin at a Crossroads: Will Speculators or Large Investors Decide?
💬 Share your predictions 👇#Bitcoin#TechnicalAnalysis#Investment#BTC #Crypto #BiananceSquare
