Bitcoin is currently in a consolidation phase after the all-time high of $124,533, trading at $118,900 on Friday. The chart indicates a volatile sideways market for the weekend with the following key zones:

• Support Zones:

• $116,000–$117,000: Short-term pivot support and buyer zone.

• $110,000–$112,000: Previous all-time high zone, now important support.

• $100,000: Psychologically significant main support.

• Resistance Zones:

• $122,000–$124,500: Current resistance area and all-time high, overcoming this again could lead to rapid increases.

• $126,500–$128,000: Medium-term Fibonacci extension target and further hurdle in the uptrend.

Forecast: Analysts predominantly expect a sideways movement between $116,000 and $124,000. A sustainable break below $116,000 could lead to declines towards $112,000 or even $104,000. On the upside, the all-time high at $124,500 offers potential for new rallies – however, strong impulses such as ETF inflows or positive US macro data would be needed. The short-term sentiment remains neutral to slightly bullish, with increased volatility around these zones

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