📉 $BTC on the edge of support... Will we witness the reversal? 🧨
$BTC is trading near 113,000 after a clear rejection at resistance 123,200, where a long wick showed sharp selling pressure.
📊 Technical note: Breaking the 50-day moving average increases momentum weakness, and critical support is now at 112,000 – breaking it may open the way towards 100,700.
For a bullish return, the market needs to hold above 114k and reclaim 116k.
Follow us on channel #CryptoEmad for more real-time analyses