🔥 BITCOIN POISED FOR A BREAK — WILL BULLS DELIVER THE FINAL BLOW? 🚀📊
Bitcoin is pressing higher, eyeing a clean break above the $120,000 barrier. After reclaiming $118,000 and surging past key trend resistance, bulls now have momentum on their side—but the breakout isn’t sealed just yet.
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🔹 PRICE ACTION OVERVIEW
• $BTC bounced from $116,260, reclaiming $118,500 and breaking a key descending trendline.
• Currently trading above the 100-hour SMA, showing strength in the short-term structure.
• Immediate resistance sits at $119,800, with the real test at $120,200.
A breakout above $120,200 could open the door for a run toward $121,000, $122,500, and even $123,200 in the sessions ahead.
🔹 KEY LEVELS TO WATCH
Support Resistance
$119,200 $119,800
$118,500 $120,200 (major)
$118,200 $121,000
$116,500–$115,000 $122,500 → $123,200
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🔹 TECHNICAL OUTLOOK
• MACD (1H): Slowing but still in bullish territory
• RSI (1H): Holding above 50 — trend still favorable
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⚠️ BEARISH SCENARIO?
If BTC fails to hold above $120,000, immediate support lies at $119,200 and $118,500. A break below $118,200 could lead to a retest of $116,500, with deeper support near $115,000.
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📌 FINAL TAKE:
Bitcoin is coiling for a potential breakout. A decisive push above $120,200 could trigger the next leg up. Bulls must stay in control—or risk another fade to lower support zones.
