$BTC 🚨 Bitcoin reaches $117K — is $150K the next stop?
Bitcoin continues to climb! After breaking its previous all-time high and closing above $113,000, BTC has now surged to around $117,394.
📈 Key points:
BTC successfully broke through the crucial resistance of $113,800 (the neckline of an inverse head and shoulders pattern), unlocking new bullish momentum.
If the bulls maintain this momentum, the next major target is $150,000.
😈 But the bears are still on the lookout:
Key support to watch now: $113,800 and $110,530.
A drop below these levels could trigger a pullback to $107,000 or even $105,000.
A break below the 50-day SMA (~$106,774) could lead to stronger selling pressure and a possible correction to $100,000.
💡 Analyst outlook:
Some analysts still predict a 60% chance that BTC will increase by an additional 20% over the next two months.
Bullish traders are already watching the target area of $150K.
⚠️ Reminder: This is not financial advice. Bitcoin remains highly volatile — always do your own research!
🔎 What’s your opinion — is Bitcoin on its way to $150K, or is a correction imminent?