Bitcoin ($BTC) Faces Resistance After Strong Rally

BTC

118,836.65

-3.44%

$BTC is trading at $118,922, up +0.53% after steady growth from the support level of $117,750. The price is currently testing resistance around $119,300, where sellers are showing their presence. If BTC cannot break above, a pullback to the $118,550–$118,200 level is likely before any further attempt to rise. A breakout above $119,300 could open the way to $119,750 and beyond.

Trading Setup:

Entry: $118,900 – $119,000

Target 1: $118,200

Target 2: $118,050

Stop-loss: $119,315

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