BTC is currently priced at about 115,000 USD after a decline of 6% from its peak of roughly 123,000 USD. The reduction in whale addresses suggests an impending bearish trend as participation falls.
The bearish crossover on the 4-hour chart indicates a possible continued decline, targeting a support level at 113,000 USD. If BTC stays above this, it may avoid a deeper correction; otherwise, further declines towards 110,000 USD and 107,000 USD could occur.
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