Bitcoin is back again, just successfully surged to $118,000, kicking over the previous downtrend line, now standing firm, even the moving averages are supporting it nicely, the market looks very promising!

Currently, its trading price is stabilizing above $118,500, and the signals from the technical analysis are quite clear: as long as it breaks through the $120,000 "key threshold", Bitcoin is expected to enter the next phase of explosive growth.

To put it simply: right now BTC is like an athlete warming up before a jump, fully charged and just waiting for a "final push" to break through $120,000 and head towards a higher stage.

To summarize for you:

Successfully broke through 118K, market is warming up;

Break through 120K = new round of upward movement begins;

Support is strong, trend is good, bullish sentiment is intensifying!