$BTC

Long trade signal 🟢 🚦

A bullish reversal is possible, targeting strong upward levels.

The price of Bitcoin (BTC) shows signs of strength after stabilizing at the support area of $116,300 and regaining the resistance level during the day. Buyers are trying to push the price to the area of $117,200, which could stimulate further upward momentum if it continues.

Trading settings

Entry area: $116,550 - $116,650

Take profit 1: $117,000

Take profit 2: $117,244

Stop loss: $116,220

Market forecasts:

Momentum is shifting in favor of the bulls, as the price of Bitcoin (BTC) defends the key support level and challenges the upper resistance level. A decisive breakout above the $117,000 level may open the door for extended gains, while maintaining a precise stop point to ensure risk control.