🚀 BTC/USDT Market Update – Holding Strong Above $118K!

$BTC is currently trading at $118,979.99, marking a slight -0.43% dip in the last 24 hours. Despite the minor red candle, $BTC continues to hold strong near the $119K level, showing resilience amid recent volatility.

📊 24-Hour Overview:

High: $119,535.80

Low: $117,427.50

Volume: 14,177 BTC / 1.68B USDT

On the 1D chart, we observe $BTC steadily consolidating above the 25-day moving average (MA25) at $116,429, indicating sustained bullish interest. The 7-day MA at $118,443 is also closely trailing the current price, acting as dynamic short-term support.

The recent bounce off the MA25 suggests bulls are not backing down yet, even after hitting local resistance around $123,218 earlier this month. Meanwhile, long-term support remains intact with the 99-day MA sitting comfortably at $106,833 — a healthy sign for the medium-term uptrend.

💡 Key Levels to Watch:

Support: $116,429 (MA25), $113,324

Resistance: $123,218, $124,123

If

BTC can reclaim $120K with volume confirmation, we may see another leg upward. Otherwise, consolidation around the $117K–$119K range might continue before a decisive breakout.

🔔 Stay alert, stay informed, and always manage your risk!

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