Bitcoin dey steadily dey go up afta $123K peak weh get risk of pullback
Bitcoin still dey for long-term up hill channel after e clear di $108K–$110K zone come reach new high wey near $123K. Technical analysis for di 4-hour chart show say Head and Shoulders pattern dey form with neckline for $116K–$117K; if e break confirmed below, e fit make am fall back go 0.618–0.786 Fibonacci zone around $111K–$112K. On-chain data show spike for miner outflows, while funding rates wey hot and slowing spot momentum show say make person dey cautious short-term. But as long as Bitcoin hold above $108K and the channel lower border, di big bigger bullish trend to $140K still strong.
Bearish
Di Head and Shoulders wey dey build and di risk say e fit break anyhow below $116K–$117K neckline dey show say short-term pullback fit happen go Fibonacci support zone for $111K–$112K. Miner dem dey comot money, funding rate high, plus spot momentum slow down dey make caution necessary. Even though di long-term ascending channel still dey, traders suppose expect say bear pressure fit drop before any fresh bullish move wey go reach $140K.