$BTC

Bitcoin: Nothing Changed, Still Bullish

BTC still maintains a strong upward momentum. Immediate strong support was found again near 116K.

It seems that the market has set a new low for BTC around this area for now. I think that as long as BTC stays above this area, there is a good chance that the increasing volume and buyers will increase further pushing BTC further, as shown in the chart, to 120,600; 122,400; 125,000 and 127,000.

If it moves below the red zone, we should be careful as it could undergo a major correction before taking a clear direction.

You may find more details in the chart!
Thank you and Good Luck!

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