Bitcoin Bulls Eye Next Big Move As Price Nears $118,000, New ATH In Sight?

Bitcoin is targeting the $118,000 level, reigniting bullish momentum and fueling speculation of a potential push toward a new all-time ￰0￱ buyers regaining control after recent volatility, this breakout could open the path toward $120,000 and ￰1￱ Seen As Final Shakeout Before Rally Crypto VIP Signal, in a recent update, pointed out that Bitcoin experienced a sharp pullback yesterday after news of a rate cut, coupled with remarks from Jerome Powell, triggered a wave of ￰2￱ decline caught the attention of traders across the market, but the expert’s analysis suggests that this movement is more likely a final shakeout rather than the start of a broader ￰3￱ Reading: Bitcoin Price Turns Bullish Above $114,000 With Hidden Divergence Forming Interestingly, despite the pullback, Bitcoin has quickly shown signs of ￰4￱ recovery suggests that the underlying demand for BTC remains intact, and market participants are still confident about its bullish ￰5￱ VIP Signal emphasized that the most critical level to watch in the short term is $118,000.

A successful breakout above this resistance would serve as a strong bullish confirmation, potentially accelerating the rally toward $120,000. If achieved, this would not only mark another key milestone but also signal that Bitcoin remains firmly within a bullish cycle, raising the likelihood of a new all-time high on the ￰6￱ Bollinger Bands Signal Possible Path To $120,000 Based on the latest BTC update from EGRAG CRYPTO, the bullish outlook for Bitcoin is being reinforced by key technical ￰7￱ report highlights that a decisive close above the middle upper section of the Bollinger Bands (BB) could be the catalyst needed to propel the price ￰8￱ Reading: Bitcoin Trend Constructive As Long As This Metric Holds, Glassnode Says Analysts often interpret this technical formation as a sign of building momentum and can spark a breakout from a period of ￰9￱ Bitcoin successfully achieves this, it would pave the way for a run toward the significant $120,000 resistance ￰10￱ update paints a highly optimistic picture for the short term, suggesting that a new record could be within ￰11￱ to EGRAG CRYPTO, should BTC manage to break through and sustain a price above $120,000 today, it may set a new all-time high.

Basically, this milestone might trigger a fresh wave of investor excitement and market liquidity as the price moves into uncharted ￰12￱ the strong bullish sentiment, the analysis includes a critical warning for ￰13￱ $117,300 mark is identified as a crucial level to ￰14￱ the price encounters a strong rejection at this point, it could trigger a temporary reversal to the $113,300 support ￰15￱ image from Pixabay, chart from ￰16￱