🚀 Bitcoin's Next Move: $120K Break or $108K Shocking Crash? 🤯
Bitcoin is at a critical juncture, testing the $119.5K–$120K bearish order block (OB) on the 4-hour chart. The fate of the trend hangs in the balance, with two possible scenarios unfolding ¹:
- *Breakout: 🚀 $120K Cleared*
- Targets a new all-time high (ATH) above $130K → $140K
- Bullish momentum could propel Bitcoin to unprecedented heights
- *Rejection: 📉 $108K Looming*
- Bearish structure stays intact, targeting $114K → $112K → $108K
- Failure to break above $120K could signal a downturn
*Key Levels to Watch:*
- *Resistance:* $119.5K–$120K (bearish OB)
- *Support:* $104.5K–$106K (major demand area)
- *Current Price:* $118,537.43 (slightly below the resistance level)
*Market Sentiment:*
Bitcoin's recent price action shows a 1.58% increase, with a current price of $118,537.43. The market is eagerly awaiting a breakout or breakdown, as the next move could decide the trend for weeks ².
*What's Next? 🤔*
Will Bitcoin bulls break above $120K, or will bears take control, sending the price tumbling to $108K? The market is on the edge of its seat, waiting for a decisive move. Stay tuned! 📊 #Bitcoin #crypto #marketanalysis.