After a solid retest, #Bitcoin is showing strong momentum again! The bulls are back in action, and BTC is making a move towards breaking the $118k resistance. If the bulls succeed in pushing past this level, we could see $BTC targeting the $120k range and even moving towards a new all-time high (ATH).
Looking at the current price of $116,810, Bitcoin has already started gaining significant momentum. The next immediate resistance level is at $117,021, followed by the key $118k level. If Bitcoin manages to break above these levels, expect a strong rally that could push the price further upward.
Next Trade Setup:
Entry Zone: Around $116,300 – $116,800
Stop Loss: Below $116,000
Target: $118k (short-term), $120k (medium-term), ATH (long-term)
Stay alert for increased volume and confirmation candles as we approach these key resistance levels. The bulls seem to be gaining control, and if this momentum continues, we could be in for some exciting price action in the coming days