#CryptoIntegration Bitcoin has been consolidating in a wide range between $116,000 and $120,000. This sideways pattern has created a clear structure visible to traders monitoring near-term movements. A downside resistance line had multiple tests before breaking decisively on August 11. This breakout sparked a rally to $122,000 and confirmed strength and aggression in buyers.
After the move higher, Bitcoin retraced and tested the broken resistance line, now support. The retest occurred near $116,500, reiterating that the zone is a key battleground for traders. . Market watchers suggest that holding above this level validates the breakout and sustains bullish sentiment.
After the move higher, Bitcoin retraced and tested the broken resistance line, now support. The retest occurred near $116,500, reiterating that the zone is a key battleground for traders. . Market watchers suggest that holding above this level validates the breakout and sustains bullish sentiment.