๐จ Bitcoin Approaches Key Support Zone โ What Traders Should Know ๐จ
118,274.58 (-2.84%)$USDT Perp: 118,358.8 (-2.89%)
Bitcoin has taken a sharp hit recently, pulling back from its July highs and heading toward a crucial support zone. After testing resistance near $122Kโ$123K, profit-taking and ongoing macroeconomic pressure โ especially the Fedโs stance on keeping interest rates higher for longer โ triggered this correction.
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๐ Key Levels to Watch
Immediate Support Zone: $112Kโ$110K. Holding here could spark a bounce as buyers step back in.
If Support Fails: Price may drop further toward $106K or lower, fueling more volatility.
