Trading Range: $113,924 - $114,016

Market Cap: $2.26T | 24h Volume: $32.42B

⚠️ Volatility Continues as Traders Stay Cautious

Bitcoin is currently in a technical pullback after peaking near $123,236. On the daily chart, rising sell volume and bearish candles suggest that many long-position holders are exiting. The RSI sits at 46 (neutral), while MACD shows a bearish crossover, pointing to weakening momentum. Support lies near $105,130, keeping BTC vulnerable to further correction.

Bullish Scenario

  • If BTC holds above $113,000 and breaks the $114,500–$115,000 resistance with strong volume

  • Momentum could push the price toward $117,000 or more

  • Higher lows on the 1-hour chart and positive long-term MAs support a potential short-term rebound

Bearish Scenario

  • Despite minor recoveries, the daily trend remains bearish

  • Short- and mid-term MAs are flashing consistent sell signals

  • Indicators like MACD and Awesome Oscillator reflect fading strength

  • If BTC fails to form a strong reversal near $111,000–$112,000, downside could extend to the $105,000 support zone

Key Takeaway:

Bitcoin’s direction hinges on near-term price action. Watch closely for a decisive move above $115K or a breakdown below $111K — either could set the tone for the next leg.

#BitcoinUpdate #CryptoAnalysis #BTCPriceForecast #TechnicalAnalysis #CryptoMarketMoves