To the Bitcoin HODLers: The bears made their move. They failed. 👑
$BTC
The plunge to $112,380 was a final, desperate attempt to shatter the market's structure. It was met with overwhelming force, and the V-shaped recovery is the definitive proof of their failure.
This isn't a fragile bounce; it's a powerful statement of market control. The RSI at a commanding 59.41 and the bullish MACD cross are not suggestions; they are declarations of intent.
$BTC
🤫 Patient capital did not flinch; they saw the capitulation at $112k as the prime entry they were waiting for.
💪 This is Bitcoin; its fundamental scarcity is the ultimate backstop against manufactured panic.
💥 The momentum is now aimed squarely at the $117,000 resistance. A breach of this level will trigger a cascade of liquidations.
When $117,000 falls, the doubters who sold the lows will be forced to chase the ascent, providing the fuel for the next leg up.
They engineered a breakdown. We are holding the breakout.$BTC
The King's authority is not in question.
#BTC #Bitcoin