$BTC

#Bitcoin today continues to move within a sideways price range between $117,000 and $118,000, following a strong upward wave witnessed over the past few days, supported clearly by an increase in institutional ETF fund flows, in addition to economic indicators suggesting a possible reduction in U.S. interest rates in the upcoming period.

Despite a slight decline of 0.4% over the past hours, the technical outlook remains positive, especially with the price maintaining strong support above $115,000. If the level of $120,000 is broken consistently, we may witness a strong movement towards $127,000 – $130,000 in the coming weeks.

Technical analysis shows a "Bull Flag" pattern, which is considered an encouraging signal for speculators. In the short term, caution is advised regarding corrections, and monitoring support levels at $112,000 and $110,000 is recommended.

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