$BTC at a crossroads 🔻⚠️ Will we witness a deeper correction?
After a strong rejection from the 123,000 level, BTC broke below 116,000 and lost the 50-day moving average — a clear exhaustion signal appeared with a long upper wick 📉
📍 The critical support now: 112,000
✅ If it holds, this is an opportunity for a rebound.
❌ If broken, we may see a move towards 100,000, where the long-term trend line and previous consolidation area lie.
The RSI indicator shows bearish divergence — momentum is fading, but a sharp pullback may open the door for new buying after the indicators reset.
The overall trend is still bullish, but bulls need to react quickly to avoid a structure flip.
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