Sep 14, 2025
6 1
Bitcoin Flips Key Support, Bulls Now Target $117,000
Bitcoin (BTC) Update:
- Bitcoin has flipped a key horizontal support zone, previously resistance, indicating bullish momentum.
- The current focus is on the $117,000 resistance level. A move above this could lead to new highs.
- Daily analysis shows renewed strength and buyer dominance, suggesting potential further upside momentum.
- If BTC surpasses $117,000, it may become a target for short setups, though risks exist until a breakout above all-time highs.
- Bitcoin's interaction with the $117,000 zone will determine if it consolidates, faces rejection, or surges higher.
Current Market Analysis:
- Bitcoin struggles to secure a hold above $116,000, indicating buyers have yet to fully overcome this hurdle.
- Overall market sentiment remains positive, but trading volume decline suggests a temporary slowdown.
- A sideways movement is expected, allowing the market to digest gains and build momentum for another attempt past the $116,000 resistance.
For more details, visit https://holder.io/coins/btc/.