$BTC Bitcoin Breaks Key Resistance – What's Next?
BTC/USDT is currently trading at $116,512, showing a +1.96% gain on the day. After finding strong support around the $113,500–$114,000 zone, Bitcoin has rebounded, breaking above both the EMA(7) and EMA(25) – a short-term bullish signal.
📈 Support Zones:
$113,500 – Recent bounce zone and 24h low
$110,500 – Key psychological and previous demand area
$107,400 – Strong historical support
📉 Resistance Levels:
$116,800 – Current 24h high and immediate resistance
$119,500 – Previous horizontal resistance
$123,200 – Major resistance and local high
🔍 Technical Signals:
EMA Crossover: Price is now above EMA(7) and EMA(25), signaling momentum is shifting to the upside.
MACD: Still bearish overall (MACD: -510.59), but histogram is showing signs of a potential reversal.
Volume: Slight uptick in volume during the recent green candles suggests renewed interest.
🚨 Next Move? If BTC holds above $115,300, we could see a test of $119,500 in the coming sessions. However, failure to break $116,800 with strong volume could lead to a retest of the $113,500 support.
⚠️ Watch closely: A confirmed break above $119,500 opens the path to $123,000+, but rejection at current levels may trigger short-term consolidation.$BTC