🚀 Bitcoin’s $BTC Next Move: Breakout or Pullback?

Bitcoin (BTC) has entered a critical consolidation phase, hovering between $117,000 and $120,000 after a strong rally fueled by institutional inflows and ETF optimism. As traders anticipate the next breakout, key resistance lies at $120K, a psychological and technical barrier that, if broken, could pave the way toward the $130K–$140K range.

Analysts on Binance Square point to the $119.3K "Alpha Price" as a key pivot. A confirmed breakout above this level could trigger momentum-driven buying, with targets set as high as $146K in the coming weeks. However, the Relative Strength Index (RSI) is approaching overbought territory, suggesting a short-term pullback may be possible before another upward leg.

On the downside, $114K–$115K remains a strong support zone. A retest of this area could offer a solid entry point for traders watching for a dip-buying opportunity. Market sentiment is still largely bullish, supported by rising volume, ETF inflows, and strong on-chain activity.

Traders should monitor key indicators like trading volume, open interest in futures, and whale wallet activity. A surge in volume during a breakout or breakdown will be crucial for confirming the direction.

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📊 Summary:

Bullish Scenario: Breakout above $120K → target $130K–$140K

Bearish Scenario: Pullback to $114K–$115K → potential bounce zone

Key Level: $119.3K Alpha Price

Bitcoin’s next move could set the tone for the broader market—so stay alert and manage risk wisely.

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