#bitcoin has broken out of a symmetrical triangle pattern to the upside, indicating fresh bullish momentum. It’s now approaching a key resistance area around $118,500. If $BTC can close a daily candle above this level, it could open the door for a run toward its previous all-time high, signaling a strong continuation of the overall bull trend.
Momentum looks solid, spot trading volume is rising, price action is clean, and major #altcoins are also gaining strength, all signs that the market is heating up.
On the derivatives side, open interest is climbing, showing more traders are jumping in. But importantly, funding rates remain stable, meaning there's not too much leverage or risky speculation just yet. This suggests the rally is developing in a healthy way.
That said, resistance zones can be tricky. It's common to see price volatility, fakeouts, or brief pullbacks during or after a breakout. So, while the bias is bullish, traders should stay alert around these levels.
