BTC Analysis – The Calm Before Another Breakout?

Bitcoin is consolidating just under 118k USDT, with short and mid-term moving averages (MA7 & MA25) staying above the long-term MA99 – a bullish sign for momentum.

RSI and Stochastic RSI are cooling off, leaving room for a potential push upward. Resistance remains at 124k USDT, while strong support is building around 117k – 112k USDT.

A similar structure was seen in March 2024, when BTC consolidated before blasting into a new ATH. If history rhymes, the current setup may once again be paving the way for fresh highs.

Keep an eye on the 118k support – holding this level could be the launchpad for the next leg up.

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