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๐ Bitcoin Rising Wedge Breakdown
BTC has corrected 8% from its $124.5K ATH and now faces key downside risks:
๐ Support at $110Kโ$112K may hold short term
โ If broken, $105Kโ$108K comes next
โ ๏ธ Psychological $100K could fail, opening $98Kโ$94.7K
๐ Bearish wedge breakdown even targets $88K
๐ Whale addresses (>10K BTC) are at yearly lows โ profit-taking pressure
๐ A 2021-like double top hints at deeper corrections
However, unlike 2021, a potential Fed rate cut in September plus rising global liquidity could cushion the fall, keeping BTCโs broader bull cycle intact.
#Bitcoin Crypto #BTC