🚀 Bitcoin Market Update BTC
The current price of Bitcoin (BTC) stands at $117,700 after a strong rise supported by a 25 basis point cut in U.S. interest rates ✅.
🔹 Nearby resistances:
The $118,000 level represents an important psychological and technical barrier.
Breaking it could open the way toward $124,000 and beyond.
🔹 Important supports:
The first support at $115,000 – $114,000; breaking this level may open the door for further correction.
📊 The current trend shows moderate upward momentum with investor optimism following the Federal decision, but caution is required regarding any subsequent statements that may change the overall market mood.
💡 Advice for traders:
Monitor the 118K level closely; a sustained break above it could be a strong entry signal.
Conversely, a drop below 114K calls for caution and strict risk management.
