๐ Bitcoin Weekly Candle Watch
$BTC is currently trading around $117.8K, after cooling off from the $124K ATH earlier this week.
The market looks undecided:
Support: $116K โ $115K zone
Resistance: $120K โ $121K
Likely outcome โ a sideways or small-bodied weekly candle unless a breakout occurs.
โ๏ธ Scenarios to Watch:
Break below $116K โ pullback toward $114K.
Break above $121K โ retest $124K possible.
Holding between $117Kโ$120K โ consolidation continues.
๐ Traders should keep an eye on volume โ low volume suggests indecision, while a spike could define the weekly close.
๐ Do you think $BTC will break $121K this week, or are we heading lower before the next leg up?
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