💸Bitcoin Technical Analysis –> The Critical Resistance Zone

⏱Time Frame: 4h

📊Status: -

🗓09/20/2025

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🕯#Bitcoin (#BTCUSDT) has been moving in a clear ascending channel since early September. The price is now approaching a major resistance zone at $ 118,000–$ 119,500.

💭Key Scenarios:

⚫️Bullish (Red Path): Break above $119.5K → potential test of $124K–$125K, new ATHs possible.

⚫️Bearish (Blue Path): Rejection → retest channel support at $115K–$114.5K. Breakdown → trend reversal risk.

Levels to Watch:

Resistance: $118K–$119.5K

Support: $115K–$114.5K

Upside Target: $124K–$125K