$BTC Bitcoin (BTC/USDT) is currently trading around $117,489, showing a slight daily change of +0.05%. In the past 24 hours, the price ranged between $117,036 and $117,898, with moderate trading volume. From the candlestick chart, we can observe that Bitcoin recently experienced a pullback after reaching a local high of $124,474, and it has now stabilized above the $117,000 support zone.

Looking at the moving averages (MA5 and MA10), short-term momentum seems relatively weak, but the fact that the price is consolidating instead of falling sharply suggests that buyers are still defending key levels. On the weekly chart, Bitcoin has been in a corrective phase after the rally from $111,920 to $124,474, which means the market is testing support before potentially deciding its next major move.

Prediction: If Bitcoin can hold above $117,000 and trading volume increases, a recovery toward $120,000 – $122,000 is possible. However, if selling pressure intensifies and BTC breaks below $116,500, the next support could be around $114,000. Overall, the short-term outlook is neutral-to-bullish, with the mid-term trend depending heavily on macroeconomic factors and investor sentiment.