#bitcoin hit a strong resistance level and dropped sharply. It also broke down from its triangle pattern and is now trying to climb back to the trendline.

It must move back above $116,500 soon, or the price could drop further.

The market is still weak, and traders are being cautious. If #BTC can’t recover quickly, we might see another dip before any real bounce. But there’s still a chance for a quick recovery if buyers step in at key support levels.