๐Ÿ“ Bitcoin (BTC) โ€“ Analysis $BTC

๐Ÿ’ฐ Current price: ~$119,000

๐Ÿ“Š Daily range: $116,400 โ€“ $119,630

๐Ÿ“ˆ Trend and context:

BTC remains in a clear upward trend.

It has surpassed key historical resistances, including $123,100 recently.

A bullish pennant technical pattern has formed, projecting a possible advance towards $130,000โ€“$150,000.

Record capital inflow into ETFs and strong institutional accumulation support this movement.

๐Ÿ”ง Key levels:

Resistances:

$120,000 โ†’ current psychological ceiling zone.

$123,200 โ€“ $123,600 โ†’ critical technical resistance.

$130,000 โ€“ $145,000 โ†’ projections if the current range is broken.

Supports:

$118,000 โ†’ intraday dynamic support.

$110,000 โ†’ important structural support.

$100,000 โ†’ psychological support and trend validation level.

๐Ÿ”ฎ Possible scenarios (24โ€“72 h):

โœ… Bullish scenario:

If BTC breaks and closes above $123,200 with volume, the projection towards $130,000 or more is activated.

โš ๏ธ Correction scenario:

If the price is rejected between $120,000 and $123,000, it could correct towards $118,000 or even $110,000 before continuing to rise.

Bitcoin continues to show technical and fundamental strength. The bias is clearly bullish, but caution is required against possible short-term pullbacks. Watch for daily closes above $123,200 to confirm the continuation of the rally.

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