📍 Market Overview:

Bitcoin is currently trading around $117,409, down about 1.29% in the last 24 hours. The price recently pulled back from the $124,474 high and is now hovering near a key support area.

🔍 Technical Snapshot:

Current Trend: Short-term pressure with a slightly bearish tone.


Support Zone: $117,000 – $116,000 (a break below could lead to further downside)


Resistance Zone: $119,500 – $120,000 (a tough level to break)


RSI: At 45.79, sitting in neutral territory — not overbought, not oversold.


MACD: Slightly positive, but momentum is weakening.


📊 Possible Scenarios in the Next 12 Hours:

📈 Bullish Scenario:

If Bitcoin breaks above $120,000, we could see a short-term relief rally pushing the price back toward $122,000 – $124,000.

📉 Bearish Scenario:

If the price breaks below $117,000, it may slide further toward $115,000 – $114,000.


💡 Tip for Traders:
The market is waiting for a decisive breakout. Keep a close eye on trading volume and the $117K support level.


📱 Community Question:
Do you think Bitcoin will break above $120K or drop toward $115K in the next 12 hours? Share your predictions in the comments!


⚠ Disclaimer: This is not financial advice — for educational purposes only.

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