Bitcoin (BTC) has reached a critical turning point, and the success of the horizontal switching Support The area that has already worked as resistance. With the construction of momentum now, the focus turns into the following main test: the resistance level of $ 117,000. The crucial step is higher than this threshold not only confirms the continuation of the current assembly, but also the theater paves the potential jogging towards high levels.
Daily support, Flip, confirms the bullish control
Alpha Checkl sign, in a modern market to updateHe pointed out that BTC shows a renewed force on the daily time frame. The pioneering cryptocurrency has successfully turned with a major horizontal area to support, a step that highlights the growing buyer of the buyer in the market. This structural shift is seen as a positive development of bi -bull
With buying firmly buyers, the Bitcoin price movement is now higher towards the height of the previous swing near 117,000 dollars. This level appeared as the next important obstacle to the bulls, as it works as a critical field as the market morale can expand either the profit or the profit of the spark.
The analysis also noted that if Bitcoin managed to pay more than $ 117,000, the same level may turn into an attractive area into possible short settings. However, such a strategy carries risks, because the nullity point will be a decisive outbreak above the highest level in BTC ever.
Until then, $ 117,000 appears as a major level of interest for market participants. How Bitcoin interacts in this region will determine whether it is merged, faces rejection or a higher height. For traders, this level provides a critical point for evaluating possible entries, exits and sites, taking into account the next main step.
Bitcoin is struggling to secure a comment more than $ 116,000
According to the hadith mail By Crypto Vip Signal, Bitcoin continues its upward path. However, the cryptocurrency has not yet been able to stick to the level of $ 116,000, indicating that although the total trend is optimistic, buyers have not yet overcome this important obstacle.
Crypto VIP signal analysis indicates that the entire market looks positive, but a temporary slowdown can be expected. This is mainly due to the low trading volume, which is common on weekends as the activity of institutional merchants and big investors often reduces.
Looking at these conditions, the Crypto VIP sign predicts that Bitcoin is likely to face a period of side movement. The standardization phase of the market will allow the digestion of recent gains and build the momentum needed to try another payment to resist $ 116,000.
The post Bitcoin Flips Key Support, Bulls Now Target $117,000 first appeared on Investorempires.com.
