#UpdateBTC
🚨 BTC Weekly Forecast: Pump or Pullback?
Bitcoin is hovering near $119,000, testing highs of $118,171 — momentum is strong, but caution is warranted.
📈 Bullish Signals
✅ Cup-and-handle breakout above former ATH (~$111K)
✅ Institutional inflows remain high (ETF demand rising)
✅ Macro boost from a weaker USD and dovish Fed stance
📉 Bearish Risks
❌ RSI divergence — could signal overbought levels
❌ Exchange inflows hint at possible profit-taking
❌ High leverage may trigger sharp pullbacks if sentiment flips
📊 Key Technical Overview
Support: $113K–$114K
Resistance: $120K, then $125K+
RSI: 60–80 — watch for cooling or breakout
MACD: Bullish crossover still intact
Volume: Slightly down, but breakout holding firm
📌 Price Triggers
🔼 Above $120K: Potential run to $125K–$128K
🔽 Below $113K: Risk of drop toward $107K–$110K
🎯 Tip: Follow the levels, not the emotions.