Was $123K the Top for BTC? Are We Done with the Bull Run?
Traders are filled with questions after a series of continuous red daily candles on BTC. It’s becoming clear that the recent rejection has formed a resistance trendline, raising concerns about whether we’ll see another all-time high.
If $BTC enters a correction phase, the first support range lies between $105K and $110K. In a worst-case scenario, we could see a drop to the $90K–$92K range.
I’m not ready to turn bearish on BTC just yet, but we need to follow the chart and respond accordingly. If BTC breaks below $105K, I’ll reconsider my long positions—both spot and futures.
Not financial advice.
