There is upto 10 MILLION $ liquidation above $116850. $BTC | Alihussain0033 on Binance Square

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Bullish

There is upto 10 MILLION $ liquidation above $116850. $BTC 

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What could be BTC’s next move? Bullish Scenarios: • Volume shelf breakout (~$116K–$118K): According to analyst Donald Dean, this zone could act as a launching pad. A successful consolidation above it might propel BTC toward the 1.618 Fibonacci extension near $131,000. • Macro support from equities: BTC’s correlation with the S&P 500 has surged to ~80%. A continued rally in US stocks could provide additional tailwinds for Bitcoin. • Weekly bullish momentum: FXStreet highlights BTC bulls targeting $120,000, possibly driven by favorable regulatory developments in the US. Consolidation & Recovery Patterns: • 4-Hour bullish setup: On TradingView, Bitcoin is forming higher lows above the 9-period SMA, indicating short-term strength. A break above the $118K–$119K resistance could open paths toward $121K–$122K. $BTC #CryptoIn401k #BTC

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Current Status & Technical Overview • Bitget’s one-day technical rating shows a neutral bias, but the moving averages signal a “Strong Buy”, while oscillators are mostly neutral. Pivot levels place Bitcoin between support at ~$115,292 and resistance near $118,689 (depending on method used). • Barchart data indicates that Bitcoin’s price (~$116K) is above its 5-day and 50-day averages, but slightly below the 20-day average, with RSI hovering in the neutral zone (~55). ⸻ Price Forecasts • Traders Union expects a modest rise to ~$119,700 within a week and ~$124,900 by month-end. • Binance suggests a similar short-term outlook, forecasting around $116,788 in the coming days, about a +5% shift from the current level. • Changelly sees Bitcoin nudging higher to $118,272 by today, with overall market sentiment leaning mildly bullish. $BTC $MYX #BTC

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• Resistance levels: • R1: $3,949–$3,952 • R2: $4,027–$4,028 • R3: $4,178–$4,179 • Support levels: • S1: $3,722–$3,723 • S2: $3,337–$3,573 • S3: $3,180–$3,496 Technical Outlook Bullish Scenarios • Analysts at CoinDCX anticipate a continuation toward $3,800–$3,900, with a potential rise to $3,950–$4,000 if bullish momentum endures. • BraveNewCoin notes that holding above $3,700 aligns with rising on-chain activity and institutional demand—and could pave the way for a move above $4,000. • Binance’s recent analysis flags resistance levels at $3,865, $3,900, and $4,000. A breakout above $3,865 may spur further upside, though RSI nearing overbought levels suggests caution. Pullback Considerations • Binance also projects a potential short-term pullback toward $3,604–$3,638 as prices cool from overbought conditions. $ETH #ETH

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I just told you all.💸💸 $BTC $MYX #btc

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Current Key Levels • Resistance zone hovers around $116.2K–$118K, and a clean break above could fuel further upside. • Strong resistance at $120K, with targets extended up to $140K if that level breaks decisively. • Support lies between $113K–$111.5K, with a more immediate defense around $113.3K. $BTC

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