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- 💥 Gate Square Event: #PostToWinPIGGY 💥
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📅 Event Period: Oct 30, 2025, 10:00 – Nov 6, 2025, 16:00 (UTC)
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Launchpool 👉 https://www.gate.com/announcements/article/47886
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I believe #WillBTCHit120K this week.
Bitcoin (BTC) Technical Outlook – Bulls Eye $120K Rebound 🚀
📊 Current Market Overview:
BTC is currently consolidating around $112K–$113K, finding support near the 0.5 Fibonacci level ($112,196) after a short-term rejection at the 0.618 Fib zone ($115,499).
🔹 Key Levels to Watch:
Immediate Support: $112K (Fib 0.5) & $108.8K (Fib 0.382)
Major Resistance: $115.5K → $120.2K (Fib 0.786)
Critical Support Zone: $104K–$105K (Fib 0.236)
🔹 EMA Signals:
BTC is hovering around the 20–100 EMA cluster, showing indecision. A sustained close above $115K could invite bullish momentum toward $120K and possibly $124K–$126K in the next leg.
🔹 RSI (14):
Currently near 50, signaling neutral momentum — market awaits a decisive breakout either side.
💡 Outlook:
If BTC maintains support above $112K, bulls could attempt a strong rebound toward $120K. A drop below $108K, however, may trigger deeper retracement toward $104K support.
📈 Bias: Cautiously Bullish while above $112K
🏁 Target Zone: $120K – $124K
$BTC