Bitcoin Price: Is Bitcoin Preparing for a Strong Surge in July?💥💸$BTC
The daily chart of Bitcoin shows a broader correction phase after peaking near $110,789, followed by a decline to a recent low of $98,240. The rebound from this level indicates buying interest, but sellers have consistently emerged near $108,000. A bearish engulfing pattern has developed, suggesting a potential future decline if momentum fails to regain upper resistance. Traders are watching for entry opportunities in the $102,000–$103,000 range, while noting exits around $108,000–$110,000. A critical break below $98,000 is likely to accelerate selling pressure.#BTC