#Bitcoin Retest in Progress – $120K Still Within Reach!
After hitting a high near $118,870, Bitcoin is now experiencing a healthy pullback, currently trading around $116,992. This correction appears to be a typical retest phase after a strong breakout from the $110,500 base.
We may see price dip further toward the $114,500 support zone before the next move. However, the overall trend remains bullish, and the target at $120,000 is still very much in sight.
Key Levels to Watch:
Support Zone: $114,500 – $115,600
Resistance: $118,900
Major Target Ahead: $120,000+
What Traders Should Do:
Spot Buyers: Look for a bounce near $114,500 for potential re-entry.
Futures Traders: Set tight stop loss below $114,000 to manage risk.
Trend Watchers: As long as BTC holds above $113,000, the bullish structure remains intact.
This dip could be your next opportunity—don't chase the top, but be ready to enter smartly on retests.