Bitcoin is showing strong resilience, holding above $116K despite market fluctuations. Institutional demand remains high, and reduced supply on exchanges is creating a favorable environment for price growth.

The charts reveal a bullish flag pattern with a key resistance level at $117,350. A decisive breakout above this level could open the path toward $123K–$124K, revisiting highs seen earlier this year.

Support at $115K is acting as a solid safety net for the bulls. As long as this level holds, the short-term trend remains bullish, with momentum building for a potential move toward $120K in the coming days.

With a 5%–8% upside forecast for the near term, Bitcoin’s next rally may be closer than many expect.

Key levels to watch:

Resistance: $117,350 → Breakout target $123K–$124K

Support: $115,000 → Maintains bullish outlook#BTCUnbound