#ShareYourThoughtOnBTC BTC is under pressure, having declined due to fresh U.S. tariff concerns and profit-taking across crypto markets. It’s currently trading below ~$115,000—a key threshold it recently failed to maintain .
Key technical levels:
🚩 Resistance: $118K–$120K remains a strong ceiling; bulls have struggled to break higher .
🧱 Support: Immediate support lies near $112K, and deeper levels around $109K–$112K could be tested next if downside continues . BTC is grappling with bearish momentum after breaking below critical support at ~$115K. U.S. tariffs and macro concerns sparked a broader crypto sell-off. Resistance remains entrenched at $118K–$120K, and unless we reclaim those levels with strong volume, $112K–$109K looks vulnerable next. Key indicators like futures premium and RSI signal cooling appetite for bullish trades. A clear bounce above $120K is needed to restore confidence. Until then, caution and risk management are advised. #BTC #CryptoAnalysis Market tone is cautious with futures premiums cooling and reduced institutional leveraged demand signaling waning confidence in bullish momentum .
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$BTC BTC is currently showing signs of bullish consolidation. After a healthy retracement, price is holding above key support levels. Volume remains steady, RSI is not overbought, and moving averages are aligning upwards. If BTC holds above the $61,500 zone, we can expect a push toward $64,000–$65,500. Short-term traders should watch for a breakout above resistance. As of now, bias remains bullish unless price breaks down below $59,800.
#ShareYourThoughtOnBTC Bitcoin is showing strong resilience around key support levels. If it holds above $58,000, we might see a bullish reversal soon. Eyes on the RSI and volume surge!
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