Bitcoin Price Targets: Can Bulls Maintain Momentum Towards $117,000 Resistance?

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.