Bitcoin Gap Dem Fill for $116K and $111K Show Bearish Risk
Bitcoin don jump reach new all-time high of $123K, e dey consolidate near $118K. Michael Harvey from Galaxy Digital dey see say another record fit happen by July if U.S. spot ETFs get plenty inflow, treasuries dey accumulate plus retail demand dey rise. But pepe profit takin and equity weakness fit cause 5–10% pullback go $110K. On-chain metrics, like low Short-Term Holder MVRV, still dey show say upside fit pass $140K. Chart analysis show open 4-hour fair value gaps at $111K and CME gap at $114K–$116K. These gaps fit act like selling magnets, fit make price drop go $111K support. Traders suppose dey watch gap levels plus $110K–$111K zone, as strong buyer volume and Greed-index wey dey 'Greed' mean bulls fit still defend ground.
Bearish
Technical gaps and profit-taking wahala dey increase short-term selling pressure. Open fair value gaps at $111K and CME gap at $114K–$116K dey serve as magnets wey dey pull Bitcoin towards $110K–$111K support. Even though dey get bullish drivers like ETF inflows and on-chain metrics wey dey suggest upside to $140K, the immediate risk of 5–10% correction and gap fills dey point to bearish outlook for near term.