BTC/USDT Bull triangle still exists ? Hidden on fake camouflage?Bitcoin is moving sideways in a tight consolidation range between $117,000–$120,000 . Institutional players are accumulating positions here based on recent on-chain whale inflows, positive funding, and OI increase.
Key points with real chart zones:
The big drop down was likely a "fake out": Price wicked down to ~$115,000, triggering stop losses below this support, letting smart money buy cheaper.
Strong bounce back:
After the sweep, price quickly reclaimed the range, returning above ~$117,300–$118,000 , indicating strong buyer presence.
Bullish triangle is still valid:
Structure holds as long as price trades inside/bounces between $117,000 (lower zone/fake-out base) and $120,000 (upper resistance/consolidation top). Watch for volume spikes around $118,000–$120,000 as signs of institutional accumulation or breakout intent.
If price breaks above the range:
If we see a proper H1/H4 close above $120,000, expect a strong move to the next resistance: $123,000–$124,000 zone.
If price breaks down and holds below:
Sustained price action below $117,000, especially after another fake-out, could lead to a drop toward previous demand/stop zones at $115,000, and if that fails, further down to $110,000–$113,000.
Bottom line:
BTC sits in a “make-or-break” zone between $117,000–$120,000. Break out above $120k opens the path to $124k+. Loss of $117k/115k support risks further downside. Order flow and on-chain favor bulls for now, but always use stops – low volatility ranges can quickly resolve with liquidity grabs.
Tip:
Don’t chase every breakout or drop. Watch closely how price reacts near $120,000 (upside) and $117,000/$115,000 (downside). It is crucial to follow macroeconomic news, especially FED updates – trade safely and always do your own research!
This is not financial advice!
