$BTC /USDT Rebounds from Dip, Poised for a Potential Recovery?
Bitcoin (BTC) is trading at $117,083.80, down slightly by -0.06%, after a sharp drop to $115,796 and a quick bounce back near the $117K zone.
If BTC holds above the $116,500ā$117,000 support zone, it may attempt a fresh move toward $117,600š$118,300, with eyes on the $118,800 resistance (24h high). However, a drop below $116,300 could open the door for a retest of $115,800š$115,300 levels.
Volume is high at 1.84B USDT, showing strong trader activity during this volatile price action. Key levels to watch:
MA(7): $117,091 ā immediate resistance
MA(25): $117,707 ā next hurdle
MA(99): $118,028 ā trend confirmation above this level may trigger bullish momentum.
