Bitcoin (BTC) has reached a critical turning point, successfully turning a key horizontal support zone that previously acted as resistance. With the impulse now built, the approach has changed to the next main test: the resistance level of $ 117,000. A decisive movement above this threshold would not only confirm the continuation of the current rally, but also prepare the stage for a possible race towards new maximums.
FIP daily support confirms the bullish control
Alpha Crypto Signal, in a recent market update, said BTC is showing a renewed strength within the daily period. The leading cryptocurrency successfully overturned a key horizontal area in support, a movement that highlights the growing domain of the buyer in the market. This structural change is seen as a positive development for bulls, establishing the bases for greater rising impulse.
With buyers firmly in control, Bitcoin’s price action is now being elevated to the previous swing about $ 117,000. This level has become the next significant obstacle to bulls, acting as a critical area where market feeling could extend the rally or cause profits.
The analysis also pointed out that if Bitcoin manages to exceed $ 117,000, the level itself could become an attractive area for possible short configurations. However, this strategy entails risks, since the invalidation point would be a decisive breakdown above the historical maximum of BTC.
Until then, $ 117,000 stands out as the key level of interest for market participants. The way Bitcoin reacts in this area will determine whether consolidated, faces rejection or increases more. For merchants, this level offers a critical point to evaluate possible entries, exits and positioning as the next main movement takes shape.
Bitcoin fights to ensure retention above $ 116,000
According to a recent publication from Crypto Vip Signal, Bitcoin continues its ascending career. However, cryptocurrency has not yet been able to maintain firmly above the level of $ 116,000, which suggests that although the general trend is optimistic, buyers have not yet completely exceeded this significant obstacle.
Crypto Vip Signal’s analysis indicates that the entire market looks positive, but a temporary deceleration can be expected. This is mainly attributed to a decrease in the volume of negotiation, which is a common occurrence on weekends, since the activity of institutional merchants and large investors often decrease.
Given these conditions, the Crypto VIP signal predicts that Bitcoin will probably experience a period of lateral movement. The consolidation phase would allow the market to digest recent profits and develop the necessary impulse to try another impulse beyond the resistance of $ 116,000.
