On the daily chart,
$BTC remains above an ascending trendline support intact since April. After rebounding from around $112K, it’s trading near $116K, with $117.5K as immediate resistance at the 0.236 Fib level.
A breakout here could open the way to $121K and $123.8K (0.382 and 0.5 Fib extensions). RSI sits at 53, showing neutral momentum.
Failure to hold the trendline could trigger a drop back to $112K, making sustained support above this structure key for BTC’s next move.
