$BTC Current Market Overview

• Price: ~$115,556 (↑ +2.14%)

• 24h Range: $111,684 – $117,429

• Trend: Short-term recovery after recent dip

• Volume: Increased compared to the previous day, suggesting renewed buying interest

⸻

Analysis

1. Support & Resistance

• Support: $111,600 – $112,000 (recent low zone)

• Resistance: $116,700 – $117,500 (recent rejection level)

• If BTC breaks above $117,500, the next target could be $120,000 – $122,000.

2. Moving Averages (MA60 & short-term MAs)

• Price is currently below the 60-day MA, showing mid-term bearish pressure.

• Short-term bounce is happening (MA5 & MA10 signaling a recovery).

3. Candlestick Pattern

• Recent daily candles show a reversal attempt after bottoming near $111,600.

• However, wicks on the upside suggest selling pressure near $117K.

4. Momentum Indicators (from chart info)

• 90 days: +6.02% → medium-term uptrend still intact

• 180 days: +21.1% → long-term bullish bias

• 1 year: +91.54% → strong macro bullish trend remains

⸻

Trend Forecast

• Short-term (1–7 days):

BTC may continue consolidating between $112K – $117K. If bulls hold above $114K, an upward retest of $117K–$118K is possible.

• Medium-term (2–4 weeks):

If $111K support holds, BTC could start a gradual recovery toward $120K–$124K.

However, if support breaks, BTC may retest $108K – $110K before finding strong demand.

• Long-term (3–6 months):

Structure remains bullish with potential to retest $130K – $140K, provided macroeconomic conditions and liquidity stay favorable.

⸻

✅ Summary: BTC is currently in a short-term rebound phase after testing strong support around $111K. A breakout above $117.5K could open the path toward $120K+. Failure to hold above $114K may lead to a deeper correction toward $110K.