š $BTC /USDT Technical Analysis & Forecast
Current Price: $117,931 (+0.17%)
24h Range: $117,172 ā $118,575
24h Volume: 666.97M USDT
š Technical Overview
Trend: BTC is trading in a tight consolidation range between $117,000 ā $118,600, showing signs of accumulation before the next move.
Support Levels:
Strong support near $117,000 (psychological + recent low).
Next major support at $115,800.
Resistance Levels:
Immediate resistance: $118,600 (24h high).
Breakout level: $120,000 psychological barrier.
š Indicators
RSI (4h): Neutral zone, around 54 ā Market not overbought, room for upside.
MACD (4h): Slight bullish crossover forming ā momentum shifting positive.
Volume: Slightly lower compared to last week, suggesting traders are waiting for confirmation before major entries.
š® Forecast
Bullish Scenario: If BTC breaks $118,600 with volume, price could quickly rally towards $120,000 ā $121,500 in the short term.
Bearish Scenario: A rejection from $118,600 and break below $117,000 could push BTC down to $115,800 ā $114,500 support zone.
Mid-Term Outlook: Structure remains bullish above $115K, with strong chances of testing $125K ā $130K in coming weeks if momentum builds.
š Bias: Neutral-to-Bullish (as long as BTC holds above $117,000).