🚀 BTC/USDT – Bulls Are Testing the Next Breakout Zone! 🚀
Bitcoin is currently trading around $116,636, showing resilience after bouncing from the key support near $112,500. The daily chart reveals that price has reclaimed the EMA34 (115,049) and is heading towards the crucial resistance at $118,250. A breakout above this level could open the path to retesting $123,200 – a major psychological barrier.
On the technical side:
EMA34 > EMA89 > EMA200 alignment signals improving bullish momentum.
MACD is narrowing the gap, hinting at a possible bullish crossover.
RSI at 56 suggests there’s still room for upward movement before overbought conditions.
However, failure to break $118,250 might trigger another pullback toward $112,500 or even $107,400.
📊 Short-term traders: Watch for a decisive breakout or rejection at $118K.
📈 Long-term holders: This consolidation could be the calm before the next big wave.
💬 Do you think BTC will break $118K this week, or is a correction coming first? Drop your predictions below! 🔽