Bitcoin is building momentum for a potential surge, with technical analysts and crypto experts predicting a significant move. Here's the lowdown:

- *Bullish trend*: Bitcoin is locked in a rising trend channel across major timeframes, with investor optimism trending up.

- *Key resistance levels*: $120,700 and $122,416 are crucial resistance levels to watch. Breaking through these could lead to a significant price increase.

- *Support levels*: Robust support sits at $113,500 and $110,000. A drop below these levels could signal a potential downturn.

- *Sentiment analysis*: The Fear and Greed Index is being closely watched, with "greed" potentially leading to overbought conditions and "fear" presenting buying opportunities.

- *Macro influences*: Global economics, inflation, and central bank interest rates are impacting Bitcoin's price, with geopolitical shocks adding uncertainty.

Get ready for Bitcoin's next move, which could be epic! 🚀 #Bitcoin #Crypto #MarketAnalysis