Bitcoin has surged back with strength,
climbing +2.96% in the last 24 hours to trade at $116,309. After dipping to $111,684, BTC bounced sharply, fueled by heavy buyer activity and a bullish crossover on short-term moving averages.
📊 Market Snapshot:
Current Price: $116,309
24h High: $117,296
24h Low: $111,684
24h Volume: 20,844 BTC (~2.38B USDT)
EMA(7) = $112,653 < EMA(25) = $113,293 < EMA(99) = $114,630 → Bullish crossover confirmed
🔎 Indicators:
RSI(6) = 24.3 → Oversold rebound, hinting at further upside potential
StochRSI = 9.7 → Still low, suggesting recovery may just be starting
Volume spike → Strong buying pressure behind the breakout
📍 Key Levels to Watch:
Resistance: $117,300 – $117,500
Next resistance: $118,200 – $118,500
Support: $115,000 and $113,500
⚖️ Possible Scenarios:
✅ If bulls hold momentum, BTC could aim for $118,500–$119,000 soon.
❌ But if sellers step in, a pullback to $115,000–$113,500 is possible.
🤔 Your Turn:
Do you think Bitcoin will break above $117,500 and push towards $119k,
or will it get rejected and fall back to $115k levels?
Drop your guess ⬇️