$BTC Next move expected??

Looking at the BTC/USD daily chart you’ve shared, the price is currently around 116,518, consolidating just above the 50-day moving average (purple line) after a recent bounce from support near 113,000. The candles show smaller bodies near the current level, suggesting indecision. The prior uptrend stalled below 117,000–118,000, which is a resistance zone that has been tested multiple times without a breakout.

The moving averages give mixed signals — the short-term MA is curving upward, hinting at recovery, but the longer-term trend is still relatively flat. The sequence of lower highs before the recent bounce means BTC hasn’t confirmed a new bullish structure yet.

For BTC to make a new higher high, it needs to decisively break and close above 118,900–120,000 with strong volume. Failure to do so could lead to rejection and a retest of the 113,000–111,000 support zone.

Given the chart’s current setup, BTC is in a neutral-to-slightly-bullish phase but still vulnerable to a downside move if resistance holds. In short, without a strong push above 120K, the probability leans toward another pullback rather than an immediate higher high.

I can also mark possible buy/sell zones on this chart for clarity if you want.

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