$BTC /USDT – Tight Range Holds, Breakout Loading
BTC is still consolidating between strong support at $116,000 and key resistance at $120,000. Price has been moving sideways in this 4–5 day range, showing indecision but also preparing for a breakout. Bulls are defending $116K zone well, while sellers continue to reject $120K.
Breakout above $120K can trigger sharp upside, while breakdown below $116K may invite heavy sell pressure.
Support: $116,000
Resistance: $120,000
Breakout Target: $122,500+
Breakdown Risk: $114,200
Wait for a clear breakout confirmation before fresh entries. Range trades possible until a breakout occurs.