Bitcoin’s post-all-time high sell-off is par for the course, and charts suggest buyers could step in around $113,000.
Key point:
BTC is showing signs of profit-booking, but buyers may stall the pullback near $113,000.
Bitcoin (BTC) pulled back after hitting a new all-time high of $123,218 on Monday, indicating profit-booking at higher levels. The correction seems to be technical in nature, as the underlying demand remains strong. Bitcoin treasury companies purchased 159,107 BTC in Q2, according to BitcoinTreasuries.NET.
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