Bitcoin Enters a Correction

🟨After reaching an all-time high of $123,218, Bitcoin’s price has pulled back to $116,717. Traders warn that the upward movement may have been part of a manipulative pattern. Analysts point to bearish divergences and elevated levels of open interest, which increase the likelihood of a correction to the $104K–$108K range.

🟨Nevertheless, some experts remain optimistic. As long as the price holds above $108K, the uptrend remains intact. Record-high attention to BTC on social media also reflects growing interest, but analysts caution against FOMO and advise waiting for market stabilization.