Bitcoin has bounced back to $117,881.73 on Binance after dipping to a 24h low of $115,736.92, showing early signs of recovery following recent downside pressure. Although the price is still off the 24h high of $119,980, bulls are regaining strength at a key support level.
📊 Momentum Indicators
The RSI sits at 64.31, suggesting moderate bullish momentum without being overbought — a healthy zone for further upward movement. Meanwhile, the MACD histogram is flipping green, and the MACD line has crossed upward, indicating a potential shift in trend direction.
Volume is starting to rise again, hinting that buyers are stepping back in — but not with the same intensity seen during previous breakouts
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📈 Key Levels:
Resistance: $120,300 – Major psychological and technical barrier
Support: $115,736 – Strong bounce zone and local bottom
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🔥 My Take: BTC is staging a promising rebound, and if it can reclaim the $118,654–$120,000 zone, a retest of the $123K high is on the table. But caution is still warranted — failure to break $120K convincingly may trigger another short-term pullback. Keep a close eye on volume and RSI in the next few candles!
