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Bitcoin's Next Move: Bull Run or Correction?
2 months ago
42
Bitcoin is currently holding steady above $117,000, but market analysts are cautioning that a potential drop to $105,000 could be on the horizon. With BTC whales transferring approximately $45 billion to exchanges, profit-taking signals are emerging, raising concerns about a possible correction. The CryptoQuant Bull Score Index remains high at 80, indicating strength but also risk. Key support is at $105, while resistance lies at $123,500. Will we see a breakout above $122K triggering the next bull run or a correction?
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