$BTC Hits $118K – Momentum Still Alive or Pause Before New Highs?
Bitcoin is trading at $118,000, gaining +6.28% in the last 24 hours. After climbing to a 24h high of $118,869, price is showing signs of minor pullback. Bulls are still in control, but this zone is crucial for the next breakout or possible retest.
Key Technical Levels:
• Resistance: $118,500 – $118,900
A clear breakout here could fuel the next rally toward the $120,000 mark and beyond.
• Support: $117,600 – $117,200
This range must hold to maintain the bullish structure. Losing it may trigger a short-term correction.
Trade Setup:
Bullish Entry:
If price reclaims and breaks above $118,500
Target 1: $119,500
Target 2: $120,500
Target 3: $122,000
Stop-loss: Below $117,200
Bearish Entry:
If price drops below $117,200
Target 1: $116,200
Target 2: $115,000
Target 3: $113,500
Stop-loss: Above $118,400
Bitcoin is moving with strength, but volume and breakout confirmation above the key resistance zone will determine the next big wave. Stay ready for volatility.
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