Bitcoin Price Action Update
In the past 24 hours, Bitcoin has shown strong volatility, ranging from a low of $117,901.95 to a peak of $119,707.33. The price is currently consolidating around the $119,200 level after testing resistance near $119,700.
Looking at the 1-week chart, BTC hit a low of $115,334.71 and surged to a weekly high of $120,041.68, showing strong recovery momentum despite sharp pullbacks.
๐ Key Takeaways:
Support around $118,000 remains crucial.
Resistance near $120,000 is being tested.
Market sentiment shows buyers stepping in after dips.
Are we gearing up for a breakout above $120K? Or will the bears push it down again? Stay alert!
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