๐ Bitcoin Price Update โ Is a Deeper Correction Coming?
After touching the $111K mark, Bitcoin is now cooling off โ but donโt panic. The broader uptrend still looks intact. ๐โก๐
โ Support zones around $100Kโ$101K are holding for now.
โ ๏ธ But BTC needs to reclaim the $106Kโ$108K area soon to avoid a drop toward $95K.
๐ RSI is neutral, and moving averages (100D & 200D) are still sloping up โ long-term bulls arenโt out of the game yet.
๐ก On-chain data is even more bullish: Exchange reserves just hit a record low (2.3M BTC). Thatโs less Bitcoin available for sale, and more going into long-term custody with institutions and ETFs.
Translation? Supply squeeze + strong hands = explosive potential ahead. ๐ฅ
๐ Key levels to watch:
โข Support: $101K, $95K
โข Resistance: $105K, $108K, and ATH at $112K
Next move could define the summer. Are you ready?