$BTC ๐ BTC/USDT Price Action Update โ Support, Resistance & Next Move! ๐
Bitcoin is currently trading at $118,997, holding steady after testing a local high of $123,218. ๐งฑ
Support Zones:
๐ข Strong support at $116,128 (24h low)
๐ EMA(25) at $114,325 offers dynamic support
๐ก๏ธ Additional cushion at $113,460
Resistance Levels:
๐ผ Immediate resistance at $119,573 (24h high)
๐บ Major hurdle remains at $123,218 โ needs strong momentum to break
Indicators Flashing Signals:
EMA(7) > EMA(25) > EMA(99) โก๏ธ Uptrend intact โ
MACD is slightly bearish (MACD: -49.87) ๐งฏ
Volume showing healthy interest ๐
๐ฎ Next Move? BTC is consolidating just below key resistance. A clean breakout above $119.5K could send it retesting $123K+. However, failure to hold current support might see it dip to $114K levels.
๐ฏ Watch closely โ a big move is brewing!