๐๐จ๐ข๐ขJust In: Bitcoin Price Watch: Rejection From $124K Sparks Short-Term Bearish Outlook๐
Bitcoin ($BTC ) is flashing mixed signals that have traders scratching their heads. ๐คฏ
๐ Short-term outlook? Bearish โ BTC sits under the 10-period EMA & SMA.
๐ Long-term picture? Still bullish โ 30, 50, 100 & 200 MAs all point upward.
๐น Bull Case: Reclaiming $119K with strong volume could spark a rally toward $122Kโ$124K.
๐น Bear Case: Failure to hold $116.5K risks a drop to $114Kโ$111K.
Right now, BTC feels like itโs standing on a tightrope โ one wrong move, and we see chaos. Will the bulls roar back, or are the bears sharpening their claws? ๐๐ป
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