At present, Bitcoin (BTC/USDT) is trading around $114,768 💵, showing a slight daily decline of -0.49% 🔴. In the past 24 hours, BTC hit a high of $116,938 ⬆️ and a low of $114,605 ⬇️.
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🔎 Key Observations from the Chart 📈
1️⃣ Strong Rally – Bitcoin recently touched $124,545 🎯, which is a new local top before facing resistance.
2️⃣ Support Zones – Important support lies around $103,900 – $104,000 🛡️. Holding above this level is crucial to keep the bullish trend alive.
3️⃣ Volume Trends – Trading volume remains high 📊, signaling strong market participation even after the recent correction.
4️⃣ Medium-Term Trend – Since bottoming near $3,621 in the past cycle ⛰️, Bitcoin has shown an incredible rally, breaking multiple resistance levels.
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⏳ Short-Term Outlook (Next Few Days)
If BTC remains above $114,000 – $115,000 🟢, it can consolidate before another upward move.
A break above $117,000 🔥 could send Bitcoin back toward the $124,000 – $125,000 zone 🚀.
However, if it slips below $114,000 ❌, price may retest the $110,000 – $104,000 support zone ⚠️.
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📅 Medium-Term Outlook
Bitcoin is still in a strong bullish structure 📈.
As long as price holds above $103,900 support, the long-term trend remains positive ✅.
Next major resistance lies near $130,000 – $135,000 🎯, and a breakout above that could trigger a fresh all-time-high push 🚀🌕.
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⚡ Conclusion
Bitcoin is in a healthy uptrend 🌟 but facing resistance after touching $124,545.
👉 Key levels to watch:
Support: $114,000 – $104,000 🛡️
Resistance: $117,000 – $124,000 🚧
Traders should be ready for volatility 🌪️ in the coming days as BTC tests these critical levels.
🚀 Long-term trend still looks bullish for Bitcoin! 💎
