📉 Bitcoin breathes after a strong rise... Is the correction temporary?
After BTC reached the level of $111,000, we started to see a gradual downward movement:
🔻 to 105K
🔻 then 104K currently
🎯 Many traders see this as just a healthy correction after a strong rise, preparing for the next breakout.
📊 The RSI indicator currently points to the beginning of exiting the overbought area,
and this may open the door for more stability before attempting to break new highs.
Potential forecast:
If the price holds support at 102K – 104K ✅
Then there is a possibility we might see an attempt to rise towards 108K – 112K again.
However, a clear break below 100K ❌, could lead to a drop towards 95K to test stronger support.
💬 Do you expect a new rise soon? Or is the correction still ongoing?
Share your view 👇
