#Bitcoin again in consolidation Phase.

$BTC made a top at 123k$ and took correction at 116k$ last week, 116k$-117k$ is reacting as a strong support area, Bitcoin made a strong pullback from 117,345$, at the time of writing this on Wednesday Bitcoin is currently trading 118.9k$. while bitcoin already reclaimed 120k$ yesterday and closed at 119,954$.

Consolidation below the Resistance price level is a bullish indication, and Im quite sure that we are going to see BTC above 125k$ this week.

However a day close below 117k$ can take down bitcoin for healthy correction 110k$.