📊 $BTC Update — Bulls Losing Momentum?
#Bitcoin is currently trading at $117,486, up +1.54% on the day — but there’s tension in the air. After reaching a local high of $123,250, BTC has dipped below the 7-day MA ($118,165) and is hovering just above the 25-day MA ($115,257).
🚨 The big red candle with a spike in volume hints at potential bearish pressure creeping in.
🔍 Key levels to watch:
• Resistance: $118,756
• Support: $115,257, followed by $113,010
📉 If #BTC breaks below the 25-day MA with strong volume, a deeper correction may be in play. Otherwise, consolidation could continue before the next leg up.
🔁 Bounce or Breakdown — What’s your move?