Bitcoin Flips Key Support, Bulls Now Target $117,000

Bitcoin (BTC) has reached a critical turning point, successfully flipping a key horizontal support zone that previously acted as ￰0￱ momentum now building, the focus has shifted to the next major test: the $117,000 resistance level. A decisive move above this threshold would not only confirm the continuation of the current rally but also set the stage for a potential run toward new ￰1￱ Support Flip Confirms Bullish Control Alpha Crypto Signal, in a recent market update, pointed out that BTC is showing renewed strength on the daily ￰2￱ leading cryptocurrency successfully flipped a key horizontal zone into support, a move that highlights growing buyer dominance in the ￰3￱ structural shift is seen as a positive development for bulls, laying the groundwork for further upside ￰4￱ Reading: Bitcoin Price Flashes ‘Rarest Signal’ Ever, Is A 100% Rally Possible?

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 ￰5￱ 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 ￰6￱ then, $117,000 stands out as the key level of interest for market ￰7￱ Bitcoin reacts in this zone will determine whether it consolidates, faces rejection, or surges ￰8￱ traders, this level offers a critical point to evaluate possible entries, exits, and positioning as the next major move takes ￰9￱ 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 ￰10￱ Reading: Bitcoin Price Recovery Hopes Rise – Can Bulls Push It Past Resistance? Crypto VIP Signal’s analysis notes that the entire market is looking positive, but a temporary slowdown can be ￰11￱ 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 ￰12￱ these conditions, Crypto VIP Signal predicts that Bitcoin will likely experience a period of sideways ￰13￱ consolidation phase would allow the market to digest recent gains and build the necessary momentum to attempt another push past the $116,000 ￰14￱ image from Pixabay, chart from ￰15￱