đš Bitcoinâs Insane Comeback: Is a $120K Explosion Next?! đ„
Bitcoin just shocked the market with a V-shaped rebound, blasting past $114,000 after a brutal sell-off â but is the rally already running out of steam? đ±
đ„ BTC roared back above the $113,500 mark, reclaiming lost ground after dipping under $110,000. But hereâs the catch â the worldâs top crypto is now facing fierce resistance near $116Kâ$118K, and the charts are flashing warning signs.
đŁ On the hourly $BTC /USD chart, a dangerous downtrend line looms around $119,500. If bulls canât break through, another gut-wrenching drop could be on the horizon.
đ Key Levels to Watch:
đ Resistance: $116,000 â $118,000 â $120,000
đ Support: $114,000 â $113,500 â $112,500
A clean breakout above $118K could ignite a massive surge toward $120K and beyond, but failure here might send BTC spiraling back below $113K.
Will the bulls keep the fire alive - or are we bracing for another crash? âĄ