$BTC
is currently testing its 117,000 Key Pivot Zone.
Bulls need to break the ongoing downwards channel to create more chances of a new all-time highs, look at the reactions at the highs of the channel.
They will at least have to break the 50-period MA (117,050) acting as immediate resistance and serves as a key barometer for bull/bear momentum.
Coming from 112,500 lows last weekend, buyers did gather some intermediate strength – breaking the current bear formations would point to a test of the past all-time highs
**All-time Highs to break 123,150
**Major Resistance 120,000 to 122,000
**126,500 to 128,000 Potential Resistance
**Immediate Pivot Between $116,000 to $117,000 (Confluence with 4H MA 50)
**$113,000 Mini Support and weekend lows
**Major Support Zone previous ATH 110,000 to 112,000
