Bitcoin[b/] is currently holding the demand zone between $116K and $117K, which also aligns with the retest area of a previously broken trendline—making this zone quite strong. If BTC manages to close above $117.8K on lower timeframes, we could see the beginning of a new uptrend targeting around $130K. However, if this zone fails due to any unexpected news or events, the next key support lies between $111K and $113K.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.