Bitcoin market participants saw the area at $117,200 and above as particularly important heading into the weekly close and fresh US macro data.
BTC $115,276 kept traders guessing into Sunday’s weekly close as analysis focused on the final resistance before all-time highs.
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hovering below $116,000.
This meant that the price remained wedged between support and resistance at $114,000 and $117,200, respectively
If bulls are able to push Bitcoin above the $117,000 region, a rally could happen. Otherwise the plan will be a dump followed by a rally in Q4.”