Bitcoin is stuck in a tight range, and everyone is waiting for the next big move.
For days, $BTC has been consolidating between $114K support and $117.2K resistance. The market is holding its breath as traders assess macro signals. This is a crucial moment for price action, with many seeing it as a turning point for the whole market.
Right now, it's a waiting game. A decisive breakout above $117.2K could send the price into a major #bullish rally, setting a strong tone for the end of the year. But if #bitcoin loses the $114K support, the structure weakens, and we could see a big drop. This range-bound trading shows the market is in a phase of quiet tension before the next explosive move.
* Bitcoin is trading between $114K support and $117.2K resistance.
* A break above $117.2K could confirm a strong bullish trend.
* Losing $114K support would trigger a bearish move.
This is not a time to be impulsive. The price action is telling us to wait and act with conviction. I am keeping my eyes on these levels, because the breakout will tell us everything we need to know about where Bitcoin is going next.
#FedRateCut25bps | $ETH | #BTC | $BNB | #HODL