📊 BTC Analysis & Trends – 20/8 🔥
🛡 Support Zone
BTC has tested the 112K–113K support and bounced back.
This area acts as the nearest bottom and is crucial for holding the medium-term uptrend.
🚧 Resistance Levels
115.4K
116.5K
117.7K
120K → strong resistance with likely profit-taking pressure.
📈 Price Trend
The uptrend line shows BTC building higher lows.
Scenario: gradual climb, testing resistances step by step before moving to 119K–120K.
If BTC breaks 120K, momentum could carry it to:
Old ATH: 124K
Next targets: 125K–130K 🚀
🎯 Trading Strategy
Entry: 113Kxx – 113K3xx
Stop Loss: 112K
Take Profit: follow the resistance ladder
✅ Conclusion
Correction phase looks complete — BTC regaining momentum.
As long as 112K–113K holds, the bias stays bullish.
Short-term target: 115K–117K
Medium-term target: 120K
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