🚨 #Bitcoin in Trouble Sellers Dominate as Downtrend Accelerates 🚨✨✨✨✨
Bitcoin slipped back under $116,500 and is now trading below $115,500 along with the 100-hour SMA. A clear bearish trendline has formed near $115,400 on the hourly chart.
🔻 Key Points:
1. BTC is stuck in a negative trend, risking a fresh drop toward $112,000.
2. Resistance is strong at $115,500 — only a breakout above this zone could trigger upside momentum.
3. Price action shows stabilization below the 23.6% Fib retracement of the recent decline, keeping pressure on buyers.
4. The sell-off started after closing below $118,000, fueling continued weakness.
⚡ Conclusion: Bears remain in control — unless $BTC reclaims $115,500, expect more downside ahead.
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