🚀 Bitcoin Eyes $120K — Will the Bulls Hold the Line?
Bitcoin (BTC) closed above the $116,000 resistance on Thursday after bouncing from its 50-day EMA support near $113,000 earlier this week. As of Friday, it’s holding around $116,700, keeping the bullish case alive.
If $116K holds as support, BTC could make a run toward the psychological $120K mark.
But if it slips back below $116K, we might see a retest of the 50-day EMA at $113,414.
📊 Market Signals:
RSI: 53 (above neutral, bullish potential if it keeps rising)
MACD: Lines converging, bearish pressure fading
Trend: Bullish momentum cautiously building
⚡ The next move could set the tone — will BTC sprint to $120K or take a pit stop first?
