Crypto markets came under pressure last week as risk sentiment soured globally, dragging Bitcoin off recent highs. While the correction was sharp, BTC has found technical footing around a major cluster of support, offering bulls a chance to regroup.
Three key levels are now converging: the prior May high of 112,013, 55 D EMA at 112,331, and trendline support near 111,400. These levels could provide a solid floor for another upside attempt toward the record high at 123,231, assuming broader sentiment doesn’t deteriorate further.
But follow-through may be limited from there as momentum signals suggest caution. Bearish divergence in the daily MACD hints at fading strength, and strong resistance is expected around 100% projection of 49,008 to 109,571 from 74,373 at 134,936 to cap upside.
For now, the uptrend is alive, but ceiling would form below 135k.
