Bitcoin Price Stalls Below Resistance – Is a Breakout Brewing?
Bitcoin (BTC/USDT) is hovering around $117,400 with minimal movement (+0.01%), indicating a phase of consolidation. Despite testing higher levels near $118,600, BTC is struggling to break above key resistance at $118,000–$118,600.
If bulls reclaim $118,600 with volume, we could see a sharp push toward $120K. On the flip side, a drop below $117K may expose downside to $116,400.
Traders should stay alert for a breakout above or rejection below this zone.
📊 Trade Setup:
Entry: $117,400
Target 1: $118,600
Target 2: $120,000
Stop Loss: $116,400