Bitcoin’s Epic Showdown: Bulls vs Bears at the $113K Crossroads
A glance at the daily chart shows our beloved Bitcoin taking a little tumble from its former glory of $123,236, which clearly indicates a short-term downtrend (oh, how the mighty fall!). There’s a wave of selling near the top, confirming we’re in a distribution phase, with resistance stuck between $118,000 and $120,000. But wait! The $112,680 to $113,000 range seems to offer some hope as it’s been a consistent support level. Perhaps this is where the bulls can regroup? But—if the price stays below $117,000 and keeps sinking, it might be time for the bears to pop the champagne. 🐻🍾