Bitcoin $BTC slipped below $115,000, down ~5% from last weekโs all-time high of $124,474.
๐น Geopolitical spotlight:
Trump confirmed plans to organize a trilateral summit with Putin and Zelenskyy after meeting both leaders. The move raises hopes for a settlement in the RussiaโUkraine conflict โ a potential boost for risk assets like BTC.
๐น Institutional moves:
Despite weakness, treasury firms Metaplanet and Strategy bought 1,185 BTC on Monday, signaling long-term conviction even during the dip.
๐น Analyst outlook:
QCP notes sideways trading until Fed Chair Powellโs Friday speech. Key levels:
๐ Support: $112Kโ$115K zone (buyers expected to step in)
๐ Resistance: $120K (profit-taking zone)
๐น Technical picture:
BTC broke below its ascending trendline and is testing the 50-day EMA ($115,046).
โ Holding $115K could trigger a rebound to $120K.
โ ๏ธ Losing it may expose downside to $111,980.
๐ All eyes now on macro news + Powellโs speech for the next big BTC move.
