🔥 $BTC Bitcoin Battles Back — Road to $120K or More Pain Ahead?
Bitcoin is showing signs of life after dipping to $112,500. The bulls managed to lift BTC back above $114,000, but a minefield of resistances still blocks the road to $120,000.
📈 Current Snapshot:
• BTC trading below $115,000 & the 100-hour SMA
• Key resistance at $114,800 (negative trendline)
• Break above $115,000 → $115,500 could ignite a run to $118,400 – $120,000+
• Next bullish target: $121,500
📉 Bearish Risk:
• Failure to clear $115,000 may drag BTC back toward $113,500 support
• Breakdown levels: $112,400 → $111,500 → $110,000
• Worst-case dip could test $108,000
⚡ Technical Pulse:
• MACD ➡️ Still in the red zone
• RSI ➡️ Holding just above 50 (neutral but hopeful)
👉 Will Bitcoin smash through $115K and race higher 🚀… or will the bears drag it back under $113K 🐻?