🚨 BTC/USDT Update 🚨
🔹 Current Situation Bitcoin is consolidating above $119,500 after rebounding from $115,730. Bulls are pushing towards the breakout zone.
🔹 Key Levels
Immediate Resistance: $120,200
Major Resistance: $121,400 (76.4% Fib)
Next Resistance: $123,150 → Break above targets $124,200, $125,000, and potentially $126,200.
🔹 Support Levels
Immediate Support: $119,000 (100H MA)
Major Support: $117,500
Strong Support: $115,500 → Break below targets $113,500 and $110,500.
🔹 Technical Indicators
MACD: Losing bullish momentum
RSI: Above 50, showing mild bullish strength
📈 Summary BTC is preparing for a breakout towards $125,000+ if it clears $121,400 and $123,150 resistance levels. Failure to hold $119,000 may trigger a pullback towards $117,500 – $115,500.