Bitcoin is back in the driver’s seat, charging towards new highs with a surge to \$116,979. The bulls are firmly in control as strong buying interest has pushed the price higher, defending key levels like \$116,299 and propelling the market toward \$117,000.

Now, all eyes are on the next resistance zone at \$117,270. A clean break here could open the gates for a rapid move toward \$118,200 and even \$119,500. Support remains solid around \$116,400—staying above this ensures the momentum stays intact, but a drop below could lead to a brief pullback.

If you’re eyeing a trade, the entry window between \$116,700 and \$117,000 looks ripe for a confirmed breakout. Keep the stop loss below \$116,300 to protect against any unexpected moves, and target \$118,200 for TP1, with \$119,500 as the ultimate goal.

Remember to manage your risk—limit exposure to just 2% of your account and lock in partial gains as you hit TP1, shifting the stop loss to breakeven to secure profits.

The bulls are still in control, and with the market favoring continued buying strength, Bitcoin could be gearing up for a breakout to new resistance levels. Stay sharp and ready for what’s next!

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