🚨 Bitcoin at $120K – Big Move Coming or Just a Pause? 🚨
Bitcoin closed with a tombstone doji candle on the daily chart – a sign of indecision 🤔. Price is still holding strong above the $110,500 support, which is key for keeping the short-term bullish trend alive ✅.
🔑 Key Points:
BTC needs more green candles 📈 to push past the $120K barrier.
If price breaks $113,200, bulls could take back full control 🐂.
A drop below $110,400–$110,500 could send BTC back toward the $100K zone 📉.
🌍 On the fundamentals side, even with a weak NFP jobs report, Bitcoin stayed strong 💪. Stock markets also ended the week bullish, which adds support to BTC’s upside.
⚡ But beware: intraday charts are still volatile ⚖️ as traders juggle technicals and macro news.
📌 Bottom Line:
Above $113,200 → Bulls gain momentum 🚀
Below $110,400 → Bears step in 🐻
For now, BTC looks like it’s loading up for the next big move… but the direction isn’t confirmed yet! 🔥
