What could be BTC’s next move?
Bullish Scenarios:
• Volume shelf breakout (~$116K–$118K): According to analyst Donald Dean, this zone could act as a launching pad. A successful consolidation above it might propel BTC toward the 1.618 Fibonacci extension near $131,000.

• Macro support from equities: BTC’s correlation with the S&P 500 has surged to ~80%. A continued rally in US stocks could provide additional tailwinds for Bitcoin.

• Weekly bullish momentum: FXStreet highlights BTC bulls targeting $120,000, possibly driven by favorable regulatory developments in the US.

Consolidation & Recovery Patterns:
• 4-Hour bullish setup: On TradingView, Bitcoin is forming higher lows above the 9-period SMA, indicating short-term strength. A break above the $118K–$119K resistance could open paths toward $121K–$122K.
