TradingView CryptoTechnicalAnalysis Binance Bitcoin is trading today near the resistance level of $120,000, showing strong bullish momentum with gains of +2.15% during the day. With over 10,700 Bitcoins traded and USDT trading volume of $1.27 billion, bulls are clearly in control. The price has bounced from its low of $117,400 and is now looking to break the level of $120,119.

If the price confidently exceeds the $120,000 level, there will be bullish targets ranging from $123,000 to $125,000.

Watch:

Immediate support: $117,400

Resistance area: $119,966 - $120,119

Momentum indicators: MACD indicator fluctuating bullishly, BOLL indicator widening

A breakout confirmation could ignite the next phase towards a retest of the all-time high.