🚨 Bitcoin Bulls or Pullback? Key Levels to Watch! 🚨
📊 $BTC/USD Market Update – Urgent Insight You Can’t Miss!
🚀 Current Price: ~$118,890.45
After a powerful breakout above major resistance in late June and early July, Bitcoin is currently experiencing a slight pullback — but is this just consolidation before the next leg up? Let’s break it down 🔍👇
🔼 Key Resistance Zones – Where BTC Could Fly Next
📈 If the bullish trend continues:
🎯 Target 1: $122,043 – $123,000 (Next key resistance zone)
💥 A breakout above $123K could open the path for a massive bull run — no major resistance beyond this level in sight!
🔽 Key Support Zones – Bounce or Breakdown?
🛡️ If price pulls back further, watch these levels closely:
🚧 Immediate Support Range:
$115,074.37
$113,480.30
$112,193.91
$111,943.81
$111,816.25
🔻 Critical Support Zone: $111,800 – $115,100
This zone was previously strong resistance and now acts as major support. A bounce from here is likely if bulls hold strong.
📉 Lower Support Levels (Deeper Pullback):
$108,036.54
$106,095.34
$105,016.89
$103,435.17
$102,058.02
💡 Psychological Support: $100,000 — a round number and former key level.
⚖️ Next Move Scenarios – What’s Likely to Happen?
✅ Bullish Case:
If BTC holds above $115K and breaks above the current red candle’s high ➜ Targeting $122K – $123K next 🟢
Breakout above $123K = 🐂 extreme bullish continuation likely
❌ Bearish Case / Correction:
If BTC breaks below $115K, expect a retest of the $111.8K – $115.1K zone
A fall below this could trigger a deeper pullback toward $102K – $108K
🔊 Volume Insight:
📊 Volume surged during the recent breakout (green bars) – showing strong buyer interest.
📉 Current red candle has low volume, indicating this could be just a minor correction, not a full reversal.