📊 $BTC /USDT Analysis & Forecast 🚀
Bitcoin is trading at 118,418 USDT, up +0.64%, after bouncing from the 117,172 support and testing resistance near the 118,484 high. Trading volume remains strong at 651M USDT, showing solid market participation.
🔹 Trend & Momentum
BTC continues to show strength above 117K, forming higher lows, while facing rejection around 118.5K–119.5K. Momentum indicators suggest consolidation before the next move.
🔹 Support & Resistance
Immediate Support: 117,200 – 116,800
Immediate Resistance: 118,500 – 119,800
Major Resistance Zone: 121,500 – 124,800
Major Support Zone: 116,400 – 115,500
🔮 Forecast
If BTC holds above 117K, a breakout above 119.8K could spark a rally toward 121.5K – 124.5K in the short term. However, failure to hold above 117K may trigger a pullback to 116.4K – 115.5K before buyers re-enter. Mid-term outlook remains bullish as long as price sustains above the 115K support zone.
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