🔥 Bitcoin at a Decision Point! 🔥
$BTC is currently fighting a key downtrend resistance line on the 4H chart. For weeks, every bounce has been slapped back down by lower highs. Now, we’re once again testing that same descending wall.
⚡ What’s happening?
Resistance zone: 116,800 – 117,000
Support floor: 115,000 (critical!)
The small bounce we just saw? That’s more like a “dead cat jump” unless bulls can push with volume.
📉 If BTC gets rejected here → 115K is back on the table, and if that breaks, we could slide to 113,800–114,200.
📈 But if bulls break through 117K with strength → we could see momentum carry us toward 118,500 – 119,000.
👉 Bottom line: Bitcoin is coiled at a trendline crossroad. The next move decides if we climb or if gravity drags us lower.
⚠️ Traders: watch the 116,800–117,000 breakout zone like a hawk.