$BTC đ BTC/USDT Technical Analysis â Support & Resistance Levels đ„
Bitcoin is currently trading at $119,169, up +1.90% in the last 24 hours. After hitting a local high of $123,218, BTC faced resistance and saw a slight pullback. Hereâs what the chart reveals:
đŽ Resistance Levels:
Major resistance stands at $123,200, which is the recent peak.
A break above this level could open the door toward $124,500+.
đą Support Levels:
Immediate support lies near $117,272 (EMA 7) â a key short-term trend level.
Stronger support is observed at $112,050 (EMA 25) and $107,957, where price previously consolidated.
If selling pressure intensifies, $103,929 (EMA 99) may act as the final support zone.
đ Trend Outlook:
BTC is still in a bullish uptrend with rising volume and momentum.
MACD and moving averages remain positive, but RSI is nearing overbought territory â watch for possible corrections or sideways movement.
â ïž Caution: If BTC fails to hold above $117K, a deeper correction could follow. Stay alert and adjust your entries and exits wisely.