Bitcoin $BTC recently hit its peak at $124,474 before sliding into a correction, now trading around $115,311. Many are calling it the start of a downtrend… but smart investors see this as a setup for the next big move.
📉 Current Market Structure
BTC is forming lower highs & lower lows, testing its uptrend support line.
If the $108K–$110K zone holds, the long-term bullish trend stays intact.
📊 RSI Insights
RSI at 34 → very close to the oversold zone.
Translation? Selling pressure is strong, but history shows this is when big rebounds usually start. 💡
🔑 Key Levels to Watch
Support: 114,366 → 108,446 → 98,200
Resistance: 120,007 → 124,474
🚀 Possible Scenarios
✅ Bullish Case
Support at 114K–112K holds.
RSI rebound sparks momentum.
Price targets: 120K → 124K → 130K+.
⚠️ Bearish Case
A daily close below 114K opens doors for a deeper drop toward 108K–98K.
📌 Neutral Case
BTC may range between 114K–120K before the next breakout.
💡 Strategy for Traders
🔸 Short-Term → Buy near strong supports (114K or 108K) with tight stop-loss.
🔸 Long-Term → This correction is a gift 🎁. Major accumulation zones are 108K & 98K.
👉 The bullish cycle only breaks if BTC loses 98K — until then, dips are opportunities.
🏆 Final Takeaway
Bitcoin isn’t crashing — it’s recharging.
The 114K–112K decision zone will define the next leg. If support holds, the road to 130K+ is wide open.
📌 Smart money accumulates in fear. Will you? 💎