$BTC /USDT
🔸 Bitcoin remains stable around $116,200–$116,400, driven by renewed inflow of institutional capital into crypto products and strengthening technical sentiment. Key supports are found around $113,000–$114,500, a vital level to keep the bullish bias intact.
🔹 If it breaks and confirms with a firm close above $117,600–$118,000 with solid volume, the next technical leg could take it towards:
🎯 $120,000–$122,000 in the short term, based on psychological levels and market structure.
🔄 Extended target: $134,000–$145,000, projected by patterns like cup-and-handle and long-term structural technical analysis. In more ambitious scenarios, a path towards $250,000 is envisioned as a macro ceiling according to some predictions.
⚠ Warning: If it fails to surpass the resistance zone around $115,500, there could be pullbacks towards $113,000–$110,000, and even touch $109,000, marking technical correction and short-term selling.
✅ Should I buy back now?
It may be more prudent to wait for a consolidation or pullback towards $113,000–$114,000, a level that has been holding the price with structural support before re-entering long.
📌 Current recommendation:
Action Condition to do it Target Stop-loss
✅ Buy Only if it breaks and confirms above $117,600–$118,000 with solid volume $120,000–$122,000 $115,000
🔁 Wait If it pulls back towards $113,000–$114,000 and shows clear technical support $120,000–$122,000 (→ $134,000–$145,000, and in a good scenario $250,000) $110,000
🎯 Extended target: $134,000–$145,000, with greater potential towards $250,000 in the case of a sustained breakout and favorable macro conditions.