📊 *Bitcoin: Healthy correction or sign of exhaustion?*
Bitcoin ($BTC) continues to be the emotional thermometer of the crypto market. After reaching a new all-time high of *$124,457* just two weeks ago⁽¹⁾, the price has retraced nearly *11%*, settling around *$111,712* ⁽²⁾. This movement has raised questions among traders and institutional investors.
🔍 *Factors influencing its current behavior:*
- *Profit-taking* after the rally driven by expectations of institutional adoption.
- *Technical indicators* show a correction towards the 55-day moving average, acting as a key support⁽³⁾.
- *Mixed sentiment* on social media and forums, with signs of moderate fear according to the greed index.
📈 *What to expect in the short term?*
- If the support holds, we could see a consolidation between $110K and $115K before a new bullish attempt.
- A break below $108K could trigger more aggressive selling and test previous support levels.
💡 *Conclusion:*
Bitcoin remains the most resilient asset in the crypto ecosystem. Its current behavior reflects a technical pause rather than a structural reversal. The coming days will be crucial to determine whether the market is simply breathing... or preparing for a new leap.
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