$BTC
đ„ Bitcoin: broken range, direction towards $120,000? đ
This weekend, BTC broke the resistance at $118,000, after two consecutive days of inflows of over $1 billion into American spot ETFs. Technically, this breakout is accompanied by a clear breakout out of the 109â118k$ channel, with sustained volume, which reignites bullish momentum.
đ The indicators (RSI close to overbought zone, bullish MACD) signal a strong upward impulse, with a target of $120,000â122,000 before a possible consolidation. Of course, watch for support around $112â115k to limit risks in case of a retest.
đĄ For traders: consider an entry at the retest of the breakout, with a stop below the $112k area. Good risk management is essential!