$BTC ๐จ Bitcoin Faces Crucial Support Test! ๐งฑ๐
$BTC has now dropped to $112,448, down 0.94% in the last 4 hours. The price has fallen sharply after failing to maintain resistance above $114,000โ$115,000, which acted as a strong rejection zone. That level has now confirmed itself as key resistance. ๐ซ๐
The new support to watch is around $112,000, where Bitcoin bounced briefly. If BTC breaks below this level, we could see further downside pressureโpossibly testing even lower zones. โ ๏ธ๐ณ๏ธ
Indicators like the MACD remain bearish, and the EMA lines (7, 25, 99) are all curving downward, signaling weakening momentum. Volume also shows a rise in selling pressure.
๐ก๏ธ Support zone: $112,000
๐ซ Resistance zone: $114,000 โ $115,000
๐ Trend: Bearish
โณ Watch for the next 4h candle close to confirm direction!
Stay alert. Bitcoin is at a make-or-break level. Will the bulls defend support, or will bears take over?
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