BTC/USDT Technical Update – Bitcoin Bulls Take the Lead! 🚀
Bitcoin has once again reminded the market why it is the king of crypto 👑. Currently trading at $117,365.72 (+3.75%), BTC is showing strong momentum as it pushes closer to new resistance levels. Let’s break down the key technical signals:
📊 Market Snapshot
Current Price: $117,365.72
24h High: $117,441.26
24h Low: $112,800.00
24h Volume (BTC): 18,128.53
24h Volume (USDT): $2.09B
📈 Technical Analysis
🔹 Moving Averages (MA):
MA(7): $114,912.33 → Short-term momentum bullish ✅
MA(25): $112,522.13 → Solid mid-term support ✅
MA(99): $113,652.54 → Long-term bullish structure holding strong
Currently, BTC is trading well above all key moving averages, signaling strong bullish momentum.
🔹 Support Levels:
$115,966
$114,057
$112,148
$110,239
These levels will act as buy zones in case of any pullbacks.
🔹 Resistance Levels:
$117,441 (already tested)
$117,875 (immediate breakout target 🚀)
A successful breakout above $117,875 could open the path towards the $120,000 psychological level, sparking further FOMO buying.
🧠 Market Sentiment
The market is showing bullish dominance as volume inflows remain strong. BTC is holding above key moving averages, which increases confidence in sustained upward momentum. Traders are closely watching the $118K–$120K range as the next big test for Bitcoin’s rally.
🎯 Conclusion
Bitcoin is bullish in both short-term and long-term outlooks. As long as BTC holds above $115,000, the path to $120,000 remains open. A breakout confirmation could fuel the next parabolic leg upward. 🚀
👉 Strategy:
Bullish traders: Look for entries on dips near support.
Conservative traders: Wait for a confirmed breakout above $118K.
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