$BTC /USDT – Poised for the Next Big Move
Bitcoin is currently in a tight consolidation zone, trading between 116,800 and 118,200. Bulls are defending support around 116,800, but the upside is capped at 118,200. This sideways action is like a coiled spring—ready to release energy.
For those looking to enter, the sweet spot is around 117,500 to 118,000, positioning for the potential breakout. A clear move above 118,200 could ignite a sharp rally, with initial targets at 119,000, followed by 120,000, and a bold push toward 121,500 if momentum holds.
Traders should be cautious below 116,600, which would signal a possible downside shift. Volume will be key—watch for strong buying pressure to confirm that Bitcoin is ready to surge.
Right now, Bitcoin is quietly gathering strength, and the next few hours could decide whether we see a thrilling breakout or a deeper test of support.
Current Price: 117,747
Support: 116,800
Resistance: 118,200
Entry Zone: 117,500 – 118,000
Stop Loss: Below 116,600
Targets: 119,000 / 120,000 / 121,500
