$BTC Price Holding Strong Near $119K – Is a Breakout Coming?

Bitcoin is consolidating just above $119,000 after a strong upward move, with price action showing tight candles and decreasing volatility. This type of structure often precedes a breakout. If BTC holds this range and breaks above $119,800 resistance, we could see a move toward the $120,500+ area. However, a drop below $118,800 could trigger a short-term correction.

Trade Setup:

Entry: $119,200 – $119,400

Stop Loss: Below $118,800

Target 1: $119,800

Target 2: $120,500

Target 3: $121,200

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