Bitcoin Struggles Below $116K — Correction Ahead?
failed to hold above $115,500 and now trades below $114K and the 100-hour SMA. A bearish trend line shows resistance near $114,400.
If Bitcoin can’t break past $115,500, it may revisit $112,500 or even dip toward $110,500. A close above $115,500 could send it toward $116,500–$118,000, with $120K still in sight.
Indicators:
• MACD: Bearish momentum building
• RSI: Below 50
• Key Support: $112,500
• Key Resistance: $115,500
