Have the euphoria lasted enough for Bitcoin? In recent weeks, records have been linked like fireworks. $ 119,000 the day before yesterday, $ 123,000 yesterday morning… and then, the break. Bitcoin is now exchanging around $ 117,284, as if the market had blinked and rediscovered gravity. The apparent calm masked a reversal, already engaged. Technical signals suggested it, some analysts had felt it coming. The correction, this time, did not wait.
In short
- Bitcoin touched $ 123,250 before descending around $ 119,000, awakening doubts.
- Traders alert to a possible bull's bull's note orchestrated via dummy purchasing walls.
- RSI in Surachat and weak stable reserves reinforce the hypothesis of technical consolidation.
- Despite everything, the Crypto dynamic remains strong thanks to ETFs and a macroporting context.
Bitcoin, a quick climb, a sudden withdrawal: the perfect trap?
The Bitcoin price reached $ 123,250, before retreating to $ 117,200, leaving behind questions. This reversal intrigues. Because the Manipulation signs are increasingly visible. The Material Account Indicators Alert: ” Don't be trapped! The $ 120.5 K purchase wall seems designed to attract late buyers before a support test »».
And the rest is right for this warning. According to Corglass data, the Next solid support Start at $ 118,800with a possible fall at $ 114,000–115,000 if the withdrawal is growing.
The Crown Trader Puts the nail ::
We must remain attentive to manipulation. This movement could be part of a weekly Pump-And-Dump scheme. Be careful.
What did the indicators say: euphoria or calculated break?
Technically, the price of bitcoin had remained in A bullish configuration. But the signals are ambiguous. THE RSI, one of the most popular indicators, Point at 75 on 4ha level often synonymous with surachat. Conversely, The ADX had remained low (12 in Daily)showing a still immature trend.
Joao Wedson of cryptocurrency observes growing tension ::
Historically, when this indicator becomes green (positive gap), Bitcoin enters a parabolic rally, often carried by the lever and the FOMO on derivative products.
It was then necessary to pay attention to the false signals. THE Stablecoins reserves on crypto exchanges fall. This liquidity deficit could curb market impulses without new contributions. QCP capital remains cautious: “We prefer to stay selective and not run behind the rally. A consolidation would be healthy».
Crypto in tension, Bitcoin under pressure: the rest will be played in July
The situation remains open. On the one hand, Haussiers signals persist. On the other, doubts about imminent consolidation gain ground.
- +10 % for Bitcoin in a week, despite the post-Ath correction;
- 432 million dollars in short -liquidated shorts in 24 hours;
- $ 118,800: Support identified by Coinglass for a technical withdrawal phase;
- 81 % of Myriad users think that Bitcoin will not return to $ 100,000 in July;
- 2,407 billion dollars: capitalization of Bitcoin, classifying the 5th active world.
Among the expected catalystswe find the publication of a key report of the White House on the Crypto strategy by July 22. And above all, an American macro context still fragile. THE “Big Beautiful Bill” of the Trump administration could inflate the public deficit of $ 3,300 billion. Historically, this kind of climate pushes investors to rare assets … like Bitcoin.
But a danger is watching. If the Fed decides to tighten its policy earlier than expected, the appetite for the risk could collapse. And with him, part of the crypto bubble. This is not the climb that must be feared. This is what happens right after.
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