🔥 Bitcoin Battles at $113K – Bulls vs Bears! Who Will Win? 🔥
#MarketPullback #BTC #CryptoNews
📉 Bitcoin at a Crossroads
As of August 2, BTC is stuck in a tight range between $113,561–$113,800, down from the recent $123K peak. With a market cap of $2.26T and daily volume near $49.17B, volatility is surging.
🔍 Key Technicals
• Support: $112,680
• Resistance: $115,000
• 50DMA: ~$105,800
• MACD: Losing momentum
• RSI: Near overbought
• Futures Long/Short Ratio: 0.56 (bearish bias)
• Open Interest: $75B – Big moves incoming?
⚔️ Bull Case
Holding key MAs
ETF inflows remain strong
Post-halving rally setup
Inverse H&S pattern forming
➡️ Break above $115K = possible run to $130K–$165K
🧨 Bear Case
Momentum fading
Resistance at $113K–$115K proving tough
Weak altcoin performance
Risk of drop to $105K or $103.6K
📊 Decision Time for $BTC
A clean break above $113K–$115K could spark a new leg higher. But failure here might open the door for a sharp correction.
📌 Watch closely: Volume, ETF flows, and macro news will drive the next move. Stay alert, trade smart.
🧠 What do you think? Are we heading to $130K… or back to $105K?
👇 Let us know in the comments!