$BTC 📊

The current BTC/USDT price is around 115,434 USDT, showing a -1.24% daily change.

1. Short-term (intraday) view

• On the 1-hour chart, Bitcoin rebounded strongly from 114,560 to above 115,400, supported by a sudden spike in trading volume.

• The MA60 (115,303) is acting as a support zone, suggesting buyers are defending this level.

2. Medium-term trend

• On the daily candlestick chart, BTC is still consolidating between 111,684 (support) and 124,474 (resistance).

• The recent low near 111,684 created a short-term bottom, and the recovery suggests bullish momentum is returning.

• However, the price is still below the recent peak at 124,474, meaning BTC needs more buying pressure to confirm an uptrend.

3. Key indicators

• Volume: Strong increase in green candles indicates accumulation.

• Momentum: Positive in the short term, but still vulnerable to volatility.

• Trend: Neutral to slightly bullish, with resistance at 117,000 – 118,000 and major resistance near 124,000.

📈 Forecast:

• In the short term, BTC could test 116,500 – 117,000.

• If it breaks above 117,000, we may see a move toward 120,000 – 124,000.

• But if BTC fails to hold above 115,000, it may retest 113,000 – 111,700.