After a strong retest $BTC is showing renewed momentum. The bulls are back and $BTC is pushing towards breaking the $118000 resistance level. If the bulls manage to overcome this barrier Bitcoin could target the $120000 range and potentially reach a new all-time high.
At the current price of $116810 Bitcoin has already begun gaining significant traction. The immediate resistance to watch is $117021 followed closely by the crucial $118000 level. Successfully breaking above these points could trigger a strong rally that pushes the price higher.
Trade Setup:
Entry Zone: Between $116300 and $116800
Stop Loss: Below $116,000
Targets: $118000 (short-term) $120000 (medium-term) and ATH (long-term)
Watch for increased volume and confirming candlesticks near these resistance levels. The bulls appear to be taking control and if this momentum persists we may see exciting price movements soon.