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๐ Bitcoin Dips Below 116K โ Buying Opportunity or More Pain Ahead?
Bitcoin (BTC) has dropped to $115,636, marking a -2.9% decline in the last 24 hours. This sharp move comes after failing to break the key resistance near $120,000, with price now testing major support around $115,000.
๐ Market Snapshot:
โข 24h High: $119,477
โข 24h Low: $115,604
โข Volume (24h): 8.66K BTC (~$1.02B)
โข Recent Peak: $123,223
๐ Technical Insight:
BTC is currently hugging the lower Bollinger Band and trading below key EMAs (EMA5, EMA10, EMA30). A breakdown below $115K could send it toward $112Kโ$108K. On the flip side, strong buying interest at this level could trigger a bounce.
๐ง Investor Sentiment:
โข Long-term holders may see this dip as a buying opportunity
โข Short-term traders remain cautious as volume thins and momentum weakens
โข Altcoins like XRP, DOGE, and SOL are also under pressure
Stay sharp โ this could be the calm before the next breakout.