Bitcoin faced a sharp pullback recently, sliding from $124,400 down to $116,800 in whattappears to be an institutional-driven shakeout aimed at triggering weak hands into selling.
📊 Current Status
Price: $118,135.9 (+0.34%)
Recovery: Stabilizing around $118K after the dip
RSI: 56, signaling momentum is slowly rebuilding
💡 Market Insight
While panic selling dominated the downturn, strong hands were accumulating, showing confidence in Bitcoin’s long-term trajectory. This phase of consolidation is less a “rejection” and more like refueling the rocket for the next leg upward.
🔥 Outlook
If momentum continues, Bitcoin could challenge and potentially break past the $125K level. For traders and holders alike, this is a reminder that patience through volatility is key—the current calm may be setting up for the next major surge.
#BTC #MarketTurbulence #AlzeeTrader
