🚨 Is Bitcoin’s Bull Run Over? Drop to $95K POSSIBLE!
After an "ugly" rejection at the $122,000 level, new analysis is painting a grim picture for Bitcoin bulls. According to a Wyckoff analysis, Bitcoin has now entered a "distribution phase," a period where an uptrend traditionally reverses. The analysis suggests that the critical $100,000 support level may not be safe and that a drop to the $95,000 zone is a real possibility.
Another trader pointed to the CME gap near $117,500, which could be a target for a wick down before a rebound. The door is open for a major correction as a result of weakening momentum and bearish RSI divergence.
This is a serious warning to be cautious in the market. While we've seen incredible gains, it's crucial to pay attention to the charts. Stay SAFE! #BTCOvertakesAmazon #BTCReclaims120K #Bitcoin #BTC #CryptoMarketNews