๐ $BTC /USDT โ Bulls Targeting $120K Breakout ๐
Current Price: $118,615.29 (+1.87%)
24H Range: $116,359.89 โ $118,741.77
Analysis & Insights:
Bitcoin is holding strong near its 24H high, showing clear bullish momentum after bouncing from $116,360 support. Price action is consolidating just below the psychological $120,000 mark โ a key breakout level that could spark the next wave of gains. Volume remains strong, indicating sustained institutional and retail interest.
Trade Setup (Long):
๐ฏ Entry: $118,400 โ $118,700
๐ฏ Targets: $119,800 / $120,200 / $121,500
๐ก Stop Loss: Below $117,800
Trading Plan:
Look for a decisive breakout above $120,200 with strong volume for momentum continuation. Partial profit-taking near targets is recommended, while trailing stop-loss can protect gains if volatility spikes.
Future Forecast:
If BTC breaks and holds above $120K, it could trigger a rapid move toward $122K โ $125K in the short term. However, rejection at $120K may lead to a pullback toward $117,500 โ $116,800 before the next rally attempt. Bulls remain in control as long as price holds above $116K.