Bitcoin is trading around US$115,800.

There is a resistance zone near US$116,000-US$117,000. Price is struggling to break decisively above that.

Key support is around US$113,500-US$114,800. If the price falls below that, there could be greater downward pressure.

Momentum indicators (EMAs, RSI etc.) are currently mixed. Some short term moving averages are tightly grouped, suggesting indecision.

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🔮 Probable Direction (Up or Down?)

Given the above:

Upside seems more likely if Bitcoin can break above US$117,000 with good trading volume. That could open a path toward US$120,000+.

Downside risk is also fairly real. If Bitcoin fails to hold the support zone (≈ US$114,000) or drops below it, could see a pullback to around US$113,500-US$113,000 or lower.

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✅ My View

At this moment, I lean slightly bullish over the very short term (next few days), because:

It already flipped a previous resistance into support around ~US$116,000 in some perspectives.

Institutional demand and accumulation (“whales”) seem to be supporting the price.

But this is conditional: strong resistance remains, and if a negative surprise (economic data, regulation, etc.) hits, the downside could emerge quickly.