#BTC/USDT ANALYSIS
Bitcoin is rebounding from the horizontal S/R zone while facing rejection from the 50MA (acting as resistance) and holding support above the 100MA.
Currently, BTC is consolidating between the descending trendline and the key 100MA. This squeeze signals a potential breakout soon.
A breakout above the 50MA and trendline would confirm bullish momentum and could lead price toward the $118,000–$120,000 zone.
On the other hand, a breakdown below the 100MA and the grey demand zone around $112,000–$112,500 may trigger a deeper correction toward the $108,000 area.
