Bitcoin Price Outlook: Key Levels in Focus
Bitcoin is currently attempting to reclaim the critical $118,000–$118,500 resistance zone, following multiple rejections in recent sessions. This range remains a pivotal battleground between bulls and bears.
Bearish Scenario:
A fresh rejection from this zone would reinforce it as a strong resistance area, likely triggering a downward move toward the $115,000 support level. A break below $115,000 could open the door for deeper correction.
Bullish Scenario:
A decisive breakout and sustained hold above $118,500 would shift short-term momentum in favor of the bulls. In that case, Bitcoin could target the next resistance between $122,000–$123,000.
