$BTC

Predicted Profit-Taking Targets & Resistance Levels

Resistance 1 (R1) / Target 1: Rs 118,500 - Rs 119,000

· Rationale: This is the immediate resistance, just above the 24h high. Taking profit here after a strong push is prudent, especially with overbought signals. A break above this level confirms strength for the next leg up.

Resistance 2 (R2) / Target 2: Rs 122,000 - Rs 123,000

· Rationale: This is a significant psychological and technical resistance zone. The previous high on the chart is approximately Rs 124,474.00. This target aims for a retest of that high.

Resistance 3 (R3) / Target 3: Rs 125,500 - Rs 127,000

· Rationale: This is the breakout target. A decisive break above the all-time high (Rs 124,474.00) could trigger a strong FOMO (Fear Of Missing Out) rally, pushing the price into new uncharted territory. This is a more aggressive target.

Recommended Stop-Loss Level

Stop-Loss: Rs 112,500

· Rationale: This level is placed below the 24h Low (Rs 111,684.79) and a key psychological support at ~Rs 113,000. This protects your capital from a false breakout or a sudden trend reversal. A break below the 24h low would likely signal a shift in short-term momentum, invalidating the bullish setup.

Summary Table

Level Price (Rs) Rationale

Stop-Loss 112,500 Below 24h low and key support.

Target 1 (T/P 1) 118,500 - 119,000 Just above 24h high; first resistance.

Target 2 (T/P 2) 122,000 - 123,000 Approach to previous all-time high.

Target 3 (T/P 3) 125,500 - 127,000 Breakout into new highs (aggressive target).