Key Price Levels for Bitcoin:

- Support: $113,665.38. This level represents a price floor where buying pressure is expected to increase, potentially preventing further price declines. A break below this level could signal a potential trend reversal.

- Resistance: $116,203.10. This level represents a price ceiling where selling pressure is expected to increase, potentially preventing further price increases. A break above this level could signal a continuation of the bullish trend.

Trading Insights:

- Short-Term Outlook: Based on the data, a potential trading strategy would be to look for opportunities to buy near the $117,064.90 (Middle Bollinger Band) or $113,665.38 (Support) levels.
- Medium-Term Outlook: As long as the price remains above the $113,665.38 support and the MACD continues to show bullish momentum, the medium-term outlook remains positive. If the price breaks the upper Bollinger Band, consider taking profits.

Potential Entry/Exit Points:

- Entry: Consider an entry point near the $117,064.90 level.
- Exit: Set a stop-loss order just below the $113,665.38 support level to limit potential losses. Consider taking profits near the $122,193.73 level (Upper Bollinger Band).

#MarketTurbulence