🚀 Bitcoin on the way to $116,000? Or is it the peak?
BTC is once again painting a beautiful yet treacherous picture.
On the daily chart, we see a breakout of the upper channel, but without strong volume — this is a signal that the bulls may tire.
🔍 Key levels:
• 📈 Resistance: $114,500 – $116,000 (a strong correction awaits there, if we reach it)
• 📉 Support: $108,800 and $105,200 (a breakout below — the beginning of deep fixation)
• RSI on D1 is already in the overheating zone, so as we approach $116k, there is a chance for a quick pullback.
⚠️ $BTC This is not financial advice, but a perspective from technical analysis.
And now a question for you: If Bitcoin touches $116k, will you short it or wait for $120k?