Bitcoin Price Targets: Can Bulls Maintain Momentum Towards $117,000 Resistance?
Main Idea
Bitcoin is showing bullish momentum with traders targeting $117,000 and higher, while key resistance and support levels are being closely monitored.
Key Points
1. Bitcoin bulls maintain momentum, with $117,200 identified as a crucial level by trader Rekt Capital.
2. Upside liquidity on exchange order books was taken as Bitcoin surpassed $116,800, suggesting $119,000 could be the next target.
3. Key resistance levels for Bitcoin are currently between $117,500 and $118,000, with support below $114,000.
4. Bollinger Bands indicated a 'head fake' as Bitcoin dipped below the lower band before reversing, similar to previous swing lows in 2025.
5. Order-book liquidity impacts Bitcoin trading by indicating where market movements may occur.
Description
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