BTC Price Pullback Near $113K Dey Test Support, Dem Dey Eye $150K
BTC price hit new all-time high of $123,218 before e come pull back 4.3% to trade near $116,000–$113,000 as people start to take profit fast. On-chain data show say Bitcoin accumulator addresses buy 248,000 BTC for one day, institutions buy 159,107 BTC for Q2 and retail holders add 19,300 BTC monthly, pass wetin dem dey supply after halving. CryptoQuant dey warn say if long-term holders dem force sell, correction fit deep well well. Chart analysis show BTC price dey test inverse head-and-shoulders neckline for $113K. Gravestone Doji and overbought Bollinger Bands show say risk dey, key support dey for 20-day EMA ($112,390) and $111,000 demand zone. If e no fit hold $115K–$113K, e fit expose moving averages near the 50-day SMA ($107,794) and e fit fall reach $105,000. If e bounce from the 20-day EMA, e fit boost rally to go pass $123,218 toward $150,000. Traders suppose dey watch liquidation clusters for $114K–$117K and profit-taking pressure for short term trends.
Neutral
For short term, di BTC price pullback after e reach e highest level na show say people dey collect profit plus e dey increase volatility around key support areas. Technical indicators like Gravestone Doji, overbought Bollinger Bands, plus leverage clusters between $114K–$117K dey suggest say e fit drop further go 20-day EMA for $112,390 or 50-day SMA near $107,794 if the $113K–$115K zone no hold. But strong on-chain accumulation by institutions plus retail holders, together with steady demand from long-term addresses, dey support possible bounce back above $123,218 and targets reach $150,000. This mix of risk plus inside strength show say market effect go remain neutral as traders dey balance pullback chance with hope for new rise.