$BTC Current pattern: a bullish pennant in the 4h/daily chart (116k–121k) with RSI 45-49 and flat MACD → neutral momentum, market "charging energy".

Breakout scenario:

Close > 120,700 $ ⇒ probability of a short squeeze towards 124k-127k.

Close < 116k ⇒ quick test to 112k; falling below 110k would be a deeper bearish signal.

Investing.com UK

Medium

On-chain supports rises: reserves on exchanges at monthly lows and miners continue to hold their positions.

CoinCentral