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$BTC Next Move - What to Expect - Bitcoin has recently painted new all-time highs, with prices surging past $118,000. This impressive rally has many wondering what the immediate future holds for the world's leading cryptocurrency. - Bullish Momentum Continues The prevailing sentiment among analysts suggests a continuation of the bullish trend. Bitcoin has consistently respected its 20-day EMA, a key indicator of a healthy uptrend. On-chain data indicates that "smart money" (institutional players and long-term holders) have been accumulating during quieter periods, a classic precursor to significant price moves. Furthermore, substantial short liquidations have fueled the recent ascent, adding to the buying pressure. - Key Levels to Watch While the momentum is strong, traders should monitor key support and resistance levels. Immediate resistance is eyed around $120,000, with a potential push towards $125,000 and even $135,000 if the current buying frenzy sustains. On the downside, strong support is established around $114,000, which if broken, could lead to a retest of the $110,000 zone. Maintaining these support levels is crucial for a continued healthy ascent. The market appears to be maturing, with consolidations acting as springboards for further gains, rather than sharp, volatile spikes. #BTCBreaksATH #ETHBreaks3k #ShariaEarn #TrendTradingStrategy #BinanceTurns8
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