Bitcoin Forecast: Pump or Dump This Week
$BTC is trading near $117,944, brushing its intraday high of $118,171. Momentum is building, but risks remain.
Bullish Signals
✅ Cup-and-handle breakout above ATH (~$111K)
✅ Strong ETF inflows and institutional demand
✅ Macro tailwinds — weak USD, dovish Fed outlook
Bearish Risks
❌ RSI divergence hinting overbought conditions
❌ Exchange inflows rising — possible profit-taking
❌ Elevated leverage — correction risk if sentiment shifts
📊 Key Technicals
• Support: $113K–$114K
• Resistance: $120K, then $125K+
• RSI: 60–80 (watch for cooling or breakout)
• MACD: Bullish crossover
• Volume: Slight dip — breakout holding
Key Levels
🔹 Above $120K = Room to rally to $125K–$128K
🔹 Below $113K = Risk of drop to $107K–$110K
Stay alert and trade the levels, not emotions.