Current Price: Bitcoin is trading around $118,500–$118,800 USD, up slightly (~0.2%) in the last 24 hours and down about 0.6% this morning. It remains in a narrow trading band between $118K–$119K .

Technical Range: BTC has repeatedly tested the $119K–$120K resistance zone without breaking through, despite very low selling activity—taker sell volume has dropped 93% since July 25 .

Support Levels: Key support holds at $117K–$118K, backed by Fibonacci retracement levels. A confirmed breakout above $120K could open room for moves toward ~$122K or higher .

Risk Scenario: If BTC slips below $117K, it may revisit lower support zones near $114K .