🚀 Bitcoin Near $120K: Is the Next Breakout Coming?

Bitcoin (BTC) is consolidating in the $116K–$120K range, holding strong despite mixed market signals. Institutional interest remains high, with spot BTC ETFs and corporate reserves boosting long-term sentiment. Regulatory clarity from the U.S. is adding further momentum to the bullish narrative.
Key Levels to Watch:
Support: $116K–$115K – A crucial zone for dip buyers.
Resistance: $120K–$123K – A breakout above this zone could push BTC toward $126K–$130K.
Volume Check: A confirmed breakout needs strong trading volume to sustain upward momentum.
Trading Plan:
Short-Term: Buy dips near $116K with tight stops around $115K. Watch for breakout plays above $121K.
Medium-Term: Hold positions for targets of $130K–$140K if BTC holds above $123K.
Long-Term: Accumulate during pullbacks, as institutional flows and macro adoption trends signal potential for a strong Q4 rally.
⚠️ Risk Note: RSI and MACD are hinting at a potential cool-off. Avoid over-leveraging and use trailing stops to lock profits.
DYOR No Financial advice!
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