๐ BTC-Update: Jackson Hole
The hype from Jackson Hole didnโt last long โ after spiking, Bitcoin dropped to ~110K and now sits near 112K. ๐
๐ฅ Whatโs next this week?
Bullish case ๐ข
If buyers step in, $BTC could retest 115Kโ118K. A breakout there opens the way to 122K+.
Bearish case ๐ด
Weak momentum and Fed uncertainty could drag $BTC back to 108Kโ110K.
โ ๏ธ Why it matters
Fedโs next moves (rate cuts or delays) are the key driver.
Technicals show BTC at a make-or-break zone: either a recovery bounce or more downside pressure.
๐ Bottom line: The market is cautious โ this week will show if BTC can turn 112K into support or if weโre heading lower.