Bitcoin just dropped hard, falling below $113,000, and crypto markets are on edge. Let’s break down what caused the dip and what might happen next 👇📉 Why Did BTC Crash?Whales Took Profits 💰A massive old wallet moved $4.8B in BTC, sparking panic.This caused a chain reaction of $450M in long liquidations and $3.5B in losses across the market.Resistance Rejected at $120K–$123K 🚫BTC hit a high near $123K but got rejected multiple times.A bearish candlestick pattern formed — a signal that sellers were taking control.Macro Tensions 🌐New U.S. tariff worries hit global markets.Crypto investors got nervous and locked in profits, adding to the sell-off.Weak Technical Signals ⚠️Even as prices made higher highs, momentum (RSI) didn’t — that’s a bearish divergence.Also, the NUPL indicator is flashing levels that often come before local tops.🧠 Key Level to Watch: $113.6KAnalysts are pointing to this as a critical support zone based on technical patterns.✅ Why This MattersThis crash shows how fast crypto can move when whales, macro events, and technical weakness all hit at once.📌 What Traders Should Do• Short-term traders: Watch $115K–$116K. If BTC reclaims this level, we may see a bounce.• Long-term investors: Dips toward $104K–$110K might be buying zones — but only if strong fundamentals remain.• Macro watchers: Keep an eye on Fed moves, tariffs, and global trade headlines — they’re moving markets.
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