🕯️ BTC/USDC – “BTC stalls at 115.8k resistance – do the bulls still have fuel?”

Yesterday (1H & 4H): BTC consolidated between 114,500 and 115,800 USDC, forming a rising wedge on the 4H chart. The long upper wick at 115.8k suggests rejection of resistance and weakening momentum.

Fibonacci retracement (100,000 → 122,000):

• 38.2% = 112,500

• 50% = 111,000

• 61.8% = 109,000

• 1.618 extension = 123,000–124,000

Support levels: 114,500 / 112,500 / 111,000

Resistance levels: 115,800 / 117,500 / 120,000

Forecast:

• Bullish scenario: A 4H candle close above 115,800 could open the way toward 118k–120k, with a possible extension to 123k

• Bearish scenario: A break below 114,500 could lead to a decline toward 112,500 or even 111,000

📌 #BTCUSDC #BitcoinAnalysis #FibLevels #CandleTimes #PriceAction