$BTC

4h chart

📉 #BTC – Facing Strong Resistance Near 115K Zone 🔄

Bitcoin (BTC) is currently trading around ₨114,851, and as shown in the 4H chart, price action is testing a major resistance zone that has previously acted as both support and rejection.

The chart clearly highlights a horizontal range between ₨113,000–₨116,000, where BTC has repeatedly bounced or faced rejection. The latest candle formation near this zone suggests seller pressure is active, and BTC may struggle to reclaim the ₨116,000 level unless strong bullish volume steps in.

📍Technical Observation:

A failed attempt to break this resistance could trigger another move back toward ₨113,500 or lower.

On the flip side, a clean breakout and retest above ₨116,200 could open the doors for a rally toward ₨118,500–₨120,000.

🧠 Traders Tip: Use caution near resistance. Wait for breakout confirmation before entering long. Sideways movement in this zone could also trigger fakeouts.

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