Bitcoin Shatters Key Resistance—Bulls Now Eye $117,000 Surge
Bitcoin just bulldozed through a critical support level, and the momentum’s building fast. Traders are locking in on that $117,000 target—no looking back now.
Why This Move Matters
Breaking that barrier wasn’t just technical—it was psychological. Market sentiment flipped bullish almost overnight. No shaky hands here; the climb feels decisive.
Where It’s Headed Next
Expect volatility, but the path looks clear for now. Every dip gets bought, every resistance level turns into a stepping stone. Classic crypto—greedy when others are cautious, apparently.
And if you’re still waiting for traditional finance to catch up? Well, good luck keeping pace with an asset that rewrites the rules by the hour. Sometimes, the market’s just smarter than the suits.
Daily Support Flip Confirms Bullish Control
Alpha Crypto Signal, in a recent market update, pointed out that BTC is showing renewed strength on the daily timeframe. The leading cryptocurrency successfully flipped a key horizontal zone into support, a move that highlights growing buyer dominance in the market. This structural shift is seen as a positive development for bulls, laying the groundwork for further upside momentum.
With buyers firmly in control, Bitcoin’s price action is now being driven higher toward the previous swing high NEAR $117,000. This level has emerged as the next significant hurdle for bulls, acting as a critical area where market sentiment could either extend the rally or spark profit-taking.
The analysis further noted that if Bitcoin manages to push above $117,000, the level itself could turn into an attractive area for potential short setups. However, such a strategy carries risks, as the invalidation point would be a decisive breakout above BTC’s all-time high.
Until then, $117,000 stands out as the key level of interest for market participants. How bitcoin reacts in this zone will determine whether it consolidates, faces rejection, or surges higher. For traders, this level offers a critical point to evaluate possible entries, exits, and positioning as the next major move takes shape.
Bitcoin Struggles To Secure A Hold Above $116,000
According to a recent post by crypto VIP Signal, Bitcoin is continuing its upward trajectory. However, the cryptocurrency has not yet been able to firmly hold above the $116,000 level, which suggests that while the overall trend is bullish, buyers have yet to fully overcome this significant hurdle.
Crypto VIP Signal’s analysis notes that the entire market is looking positive, but a temporary slowdown can be expected. This is primarily attributed to a decline in trading volume, which is a common occurrence on weekends as activity from institutional traders and large investors often lessens.
Given these conditions, Crypto VIP Signal predicts that Bitcoin will likely experience a period of sideways movement. The consolidation phase would allow the market to digest recent gains and build the necessary momentum to attempt another push past the $116,000 resistance.
