โ
Current Market Data
Current Price: ~$118,420 USD
Dayโs High: ~$119,210
Dayโs Low: ~$117,428
Previous Close: ~$118,004
Change Today: +$416 (around +0.35%)
๐ Price Behavior Today
Bitcoin is showing range-bound movement between $117K and $119K after a strong rally in the past few days.
The current price action suggests market indecision, with neither bulls nor bears taking clear control.
Momentum indicators are neutral, with RSI hovering around 52โ55, indicating sideways consolidation.
๐ง Key Drivers Behind Price Action
Profit Booking: After recent rallies above $120K, traders are taking profits, keeping the price in check.
Strong Institutional Demand: ETFs and institutional buying continue to offer long-term support to Bitcoin.
Favorable Crypto Regulations: Recent developments in U.S. crypto policies are boosting confidence in Bitcoin as a store of value.
On-Chain Strength: Network health (hash rate, wallet activity, HODL behavior) remains strong, signaling long-term bullishness.
๐ Technical Levels to Watch
Zone Price Range (USD)
Support 1 $117,000
Support 2 $115,000
Resistance 1 $119,500โ$120,000
Resistance 2 $123,000โ$125,000
A close above $120K could initiate a bullish breakout targeting $125Kโ$130K.
A fall below $117K may invite a deeper pullback toward $115K or even $111K in the short term.
๐ Market Sentiment
Neutral-to-Bullish in the short term.
Strong Bullish in the long-term due to adoption, policy support, and demand.
Investors are cautiously optimistic, awaiting stronger volume and breakout confirmation.
๐ฏ Outlook Ahead
Short-Term View: Consolidation between $117Kโ$120K likely to continue unless a strong volume breakout occurs.
Medium-Term View: A confirmed move above $120K may push BTC toward new highs of $130Kโ$138K.
Risk Zone: If Bitcoin fails to hold $115K, it could enter a corrective phase down to $111K.
โ Summary
Bitcoin is currently in a sideways consolidation phase, with strong support around $117K and resistance just below $120K. The broader outlook remains positive, but the market is waiting for a fresh triggerโeither a breakout above $120K or a breakdown below $115Kโfor the next decisive move.
Current Price: ~$118,420 USD
Dayโs High: ~$119,210
Dayโs Low: ~$117,428
Previous Close: ~$118,004
Change Today: +$416 (around +0.35%)
๐ Price Behavior Today
Bitcoin is showing range-bound movement between $117K and $119K after a strong rally in the past few days.
The current price action suggests market indecision, with neither bulls nor bears taking clear control.
Momentum indicators are neutral, with RSI hovering around 52โ55, indicating sideways consolidation.
๐ง Key Drivers Behind Price Action
Profit Booking: After recent rallies above $120K, traders are taking profits, keeping the price in check.
Strong Institutional Demand: ETFs and institutional buying continue to offer long-term support to Bitcoin.
Favorable Crypto Regulations: Recent developments in U.S. crypto policies are boosting confidence in Bitcoin as a store of value.
On-Chain Strength: Network health (hash rate, wallet activity, HODL behavior) remains strong, signaling long-term bullishness.
๐ Technical Levels to Watch
Zone Price Range (USD)
Support 1 $117,000
Support 2 $115,000
Resistance 1 $119,500โ$120,000
Resistance 2 $123,000โ$125,000
A close above $120K could initiate a bullish breakout targeting $125Kโ$130K.
A fall below $117K may invite a deeper pullback toward $115K or even $111K in the short term.
๐ Market Sentiment
Neutral-to-Bullish in the short term.
Strong Bullish in the long-term due to adoption, policy support, and demand.
Investors are cautiously optimistic, awaiting stronger volume and breakout confirmation.
๐ฏ Outlook Ahead
Short-Term View: Consolidation between $117Kโ$120K likely to continue unless a strong volume breakout occurs.
Medium-Term View: A confirmed move above $120K may push BTC toward new highs of $130Kโ$138K.
Risk Zone: If Bitcoin fails to hold $115K, it could enter a corrective phase down to $111K.
โ Summary
Bitcoin is currently in a sideways consolidation phase, with strong support around $117K and resistance just below $120K. The broader outlook remains positive, but the market is waiting for a fresh triggerโeither a breakout above $120K or a breakdown below $115Kโfor the next decisive move.
Hello Guys ..
WhatsApp link- wa.link/d997q0
Email - techncialexpress@gmail.com ...
Script Coder/Trader//Investor from India. Drop a comment or DM if you have any questions! Letโs grow together!
WhatsApp link- wa.link/d997q0
Email - techncialexpress@gmail.com ...
Script Coder/Trader//Investor from India. Drop a comment or DM if you have any questions! Letโs grow together!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Hello Guys ..
WhatsApp link- wa.link/d997q0
Email - techncialexpress@gmail.com ...
Script Coder/Trader//Investor from India. Drop a comment or DM if you have any questions! Letโs grow together!
WhatsApp link- wa.link/d997q0
Email - techncialexpress@gmail.com ...
Script Coder/Trader//Investor from India. Drop a comment or DM if you have any questions! Letโs grow together!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.