Bitcoin ($BTC): Holding Firm Above $119,000!
Bitcoin continues to be the bedrock of the market, consolidating nicely around the $119,000 mark. After a slight dip yesterday, $BTC buyers stepped in quickly, demonstrating strong demand at these higher levels.
* Key Support: The $118,000 - $119,000 zone is acting as immediate support. Holding this area is crucial for continued bullish sentiment.
* Next Resistance: The psychological $120,000 level remains the immediate hurdle. A decisive breakout above this with strong volume would be a significant bullish signal, potentially pushing us towards new short-term highs.
* Volume: While volume might seem a bit lighter on the current consolidation, the swift rebounds indicate underlying strength.