Bitcoin has successfully broken above the key resistance level around 115,729, signaling a potential shift in short-term momentum.
This level previously acted as a strong support before flipping into resistance after the recent downtrend. The breakout, supported by strong bullish candles, may open the door for a retest of the 118,000 – 120,000 zone if the momentum continues.
Traders should watch for confirmation and potential retests of the breakout level, which may now act as support. A sustained move above this zone could mark the beginning of a stronger bullish structure.
Stay sharp and manage your risk accordingly! 🧠⚡
