Bitcoin (BTC) Price Prediction: BTC/USDT Retreats to Hover Around $115,000
The Bitcoin market has, for a while, lost its support at the $120,000 price level. It subsequently retreated and now hovers just above the $114,000 price region.
BTC/USDT Long-Term Trend — Bullish (Daily Chart)
Key Price Levels:
Resistance: $115,000, $117,500, $120,000
Support: $114,000, $111,500, $109,000
Recent price candles on the Bitcoin daily chart can be seen forming just above the lower band of the Bollinger Bands (BB) indicator. The current session's candle appears red with a very small body, positioned below the midline of the BB indicator. Additionally, the BB indicator itself is beginning to slope slightly downward.
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