Bitcoin Market Update: Key Levels and Near-Term Outlook
Bitcoin is currently encountering resistance at the $120K–$121K range, prompting a pullback toward crucial support zones:
Primary Support: $116K–$117K
Secondary (Critical) Support:** $118K
A retest of these levels could present a potential accumulation opportunity for traders.
Upside Targets in Bull Scenario:
- Immediate breakout above $121K could open path to $123K
- Subsequent resistance levels at $125K, followed by $130K
- Sustained momentum beyond $125K may catalyze altcoin market expansion ("altseason")
*Market participants should monitor price action around key supports for confirmation of bullish continuation or potential consolidation.*
