$BTC Daily Outlook – Strong Momentum Building

Bitcoin continues to show impressive strength, trading at $117.5K after tagging a local high near $118.8K. The breakout above $112K resistance, supported by rising volume and all major MAs trending upward, confirms bullish control.

Price is holding well above the 7-day EMA, signaling sustained momentum. If BTC closes above $119K, next resistance sits around $122K–$125K. Short-term support rests at $114K.

Trend: Bullish

Momentum: Strong

Watch for: Retest of $114K or breakout above $119K