đš Bitcoin Market Update
Bitcoin is trading around $108,500, down about 5% this week as inflation concerns weigh on risk assets.
đ If BTC fails to reclaim $114K by weekâs end, analysts warn of a possible correction toward $103K.
đ On-chain data shows exchange balances at their lowest since 2018, with more than 150 companies now holding nearly 1M BTC in treasuries.
đĄ Despite short-term pressure, supply is tightening, making long-term accumulation attractive.
đ Key levels to watch:
Support: $103K â $105K
Resistance: $114K â $116K
Whatâs your strategy here â buying the dip or waiting for confirmation?