$BTC Reclaiming Momentum: Will Bulls Target $119.5K Next?
Bitcoin is currently trading around $118,975, reclaiming mid-range structure with a strong green candle after holding the $118,250–$118,400 support zone. A key resistance test lies ahead.
Key Levels to Watch
Resistance Zone: $119,200 – $119,500
Support Zone: $118,250 – $118,400
Trade Setup
Bullish Entry: Break and close above $119,500
TP1: $120,200
TP2: $121,000
Bearish Entry: Rejection and drop below $118,250
TP1: $117,700
TP2: $116,800
BTC is showing signs of a healthy breakout, but it’s not confirmed yet. Let the candle close above $119,500 to avoid fakeouts. Structure is bullish, but chasing too early could trap late longs—wait for strength or a dip retest.