BTC/USDT – 2H Chart Update
Breakout Confirmed:
BTC has broken above the descending trendline but is currently facing resistance at around $ 119,500.
Support Zone:
Strong ascending support between $ 117,000 and $ 118,000 remains intact.
Moving Average:
Price is currently testing the 2H MA (~$118.3). Holding above this could confirm bullish continuation.
Outlook:
If BTC holds above $ 118,000, a move toward $ 123,000–$ 125,000 is likely.
Failure to hold may retest $117K support.
Bias: Short-term bullish unless price breaks below ascending trendline.
Thanks for your support!
DYOR. NFA
Breakout Confirmed:
BTC has broken above the descending trendline but is currently facing resistance at around $ 119,500.
Support Zone:
Strong ascending support between $ 117,000 and $ 118,000 remains intact.
Moving Average:
Price is currently testing the 2H MA (~$118.3). Holding above this could confirm bullish continuation.
Outlook:
If BTC holds above $ 118,000, a move toward $ 123,000–$ 125,000 is likely.
Failure to hold may retest $117K support.
Bias: Short-term bullish unless price breaks below ascending trendline.
Thanks for your support!
DYOR. NFA
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