🔍 Current technical status (in brief)#Square
#trendTrend → The uptrend is still holding on the daily chart, but the momentum has slowed.
#Suppprt (Support Level) → There is strong support near $115K–$116K. If it breaks, the price could fall.
#resistance (Resistance level) → There is resistance near $120K–$121K. If it is broken, the bullish trend could resume.
#RSI (Relative Strength Index) → Around 55–60, meaning the market is now in a neutral state (neither overbought nor oversold).
Volume → Slightly lower than before, indicating the market is waiting before a big move.
📈 Probability
The price is likely to increase if:
Breakout occurs above $120K
Volume increases.
Positive news (ETF inflow, Institutional buy) arrives
The price is likely to fall if:
Closes below $115K
A major sell-off begins in the market
Negative news or regulations arrive
📌 Simply put:
$BTC We are now at a point where we can call it a turning point.
In the short term (if it goes below $115K), the price may drop.
It can grow rapidly again once it goes above $120K.$BTC $BTC
