Bitcoin Holds $115K Support Zone as Liquidity Builds Near $120K Resistance, Downside Risk Remains
Main Idea
Bitcoin is maintaining strong support above $115K, with liquidity clusters near $120K indicating potential for a breakout, while market sentiment and volume remain key factors.
Key Points
1. Bitcoin is holding above the $115K-$116.7K support zone, showing resilience with strong buyer interest.
2. Liquidity clusters near $120K act as a magnet, making it a pivotal resistance level for potential breakout.
3. A daily close above $116,683 could confirm bullish momentum and attract more buyers.
4. If Bitcoin breaks below $115K, it may pull back toward $111,800, but a rebound is possible.
5. Market sentiment and volume are crucial in determining the strength of a breakout above $120K.
Description
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