Bitcoin is currently trading around $118,643.85, showing a -2.74% drop in the last 24 hours 📉. After recently hitting a high of $122,332.98, BTC faced resistance and pulled back slightly – but the market energy is still strong ⚡.
📊 Bollinger Bands are tightening near MB: 116,718 and UP: 120,727, signaling that a big move could be coming soon. The MACD also hints at momentum building up again after the recent correction 🔍.
Long-term holders aren’t panicking – in fact, many are eyeing the dip as an opportunity to reload before the next leg up 📈. The question is, will BTC break above $123K resistance and push toward new highs, or will we see a retest of $116K support?
💡 My personal view: Bitcoin is in the middle of a healthy consolidation phase – and when it breaks, it could be fast and explosive. Keep an eye on the $120K zone; it might be the trigger point.
🔥 Remember: In crypto, patience and timing are your biggest weapon$BTC
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