#BTCPrediction BITCOIN PRICE ANALYSIS -

1. Strong Resistance Zone

• Price has previously rejected around 119,000 – 120,000 levels (as seen from past candles).

• Current upside move may stall here unless momentum strengthens.

2. Immediate Support Levels

• First support: 116,474 (EMA) → If price rejects from 119k, EMA could provide a bounce.

• Secondary support: 115,000 psychological level.

3. Trend Context

• Recent structure shows a pullback recovery from sub-117,000 levels.

• If bulls push above 119k, momentum could take it toward 120,323 (next resistance).

4. Key Scenarios

• Bullish case: Break and close above 119k → Target 120,300 and potentially higher (121k+).

• Bearish case: Rejection at 119k → Pullback towards EMA 116,474 and possibly 115k.

5. Trading Psychology

• 119k acts as a psychological barrier, where many traders might book profits.

• Shorts may also defend this level aggressively.