🔥 Bitcoin in Trouble — Sellers Still in Charge 🐻
Bitcoin continues to struggle as sellers dominate the trend. 📉 After failing to hold above $116,500, $BTC slipped below $115,500 and its 100-hour SMA, keeping the bias negative.
⚡ On the chart, a clear downtrend line near $115,400 is capping any recovery attempts. Only a decisive break above $115,500 could open the door toward $118,500–$120,000.
But for now, risks remain tilted lower — with supports at $112,500, then $112,000, and deeper toward $110,000–$108,000 if selling pressure continues. 🚨
📊 Indicators:
MACD: Gaining bearish momentum
RSI: Below 50, favoring sellers
👉 Bulls need to reclaim $115,500 fast — or bears might drag BTC toward new weekly lows.