Bitcoin Don Fall $9,000 From $124K High, Dey Test Key $115K–$117K Levels
Bitcoin drop $9,000 from im best ever high of $124,000 for weekend, e fall go like $115,000 as dem dey do heavy long-position liquidations wey pass $500 million. Short-term technical indicators like Stochastic RSI and RSI show say e oversold, e fit get rebound. Key support levels na $115,000 mark and the 0.786 Fibonacci retracement, while the $117,000 neckline of inverse head-and-shoulders pattern don turn critical resistance. Traders go dey watch keenly if Bitcoin go hold above these levels or if e go extend correction go $112,000. Di next two weeks na to know if bulls fit regain control or bears go push price lower.
Neutral
Di sharp $9,000 drop from di $124,000 peak plus heavy long-position liquidations dey show say bearish pressure strong for short term. But di oversold signals wey dey for Stochastic RSI and RSI, plus di confirmed support at di $115,000 level and di 0.786 Fibonacci retracement dey talk say rebound fit happen. Di critical $117,000 neckline for di inverse head-and-shoulders pattern na important point: if e fit break steady pass dat level, e fit trigger bullish momentum, but if e fail, e fit bring more downside. Based on these mixed technical signals and pattern formations, di immediate outlook still balanced between possible upside and downside risks.