🚨 Bitcoin Analysis
BTC retraces 7.5% from $123K ATH, retesting 50D EMA, a level that triggered a 25% rally in June. Similar setup emerging, with $110K–$112K seen as “perfect bottom” before next leg higher.
Bullish inverted H&S retest intact, targeting $148K–$150K by Oct. 🚀
Old whale’s 80K $BTC profit-taking marks 3rd sell wave, historically a cooling phase before new ATHs. Accumulation likely underway. 📊✅
Key support: $110K–$112K
Upside target: $148K–$150K