Bitcoin Don Pass $119K, E Dey Eye $117K CME Gap Retest
Bitcoin don break out from im bull flag, e shock pass $122,000 before e come pull back to test support around $118,000–$119,000 and fill the CME gap for $117,000 level. Bitcoin technical indicators dey show say RSI trendline don break and daily candle be bearish, wey fit mean say false breakout fit happen, but the ascending trendline plus the rising 50-day SMA dey provide correct support. For the two-week chart, the bullish engulfing pattern and RSI wey dey near that descending trendline dey show say strong upside potential dey, even though Stochastic RSI for daily and shorter charts still get space to reset. Traders suppose dey watch the $117,000 gap-fill level, $119,000 support, RSI 50.00, and Stochastic thresholds to sabi wetin the next move go be.
Bullish
Di breakout wey pass di bull flag and di surge pass $122,000, join wit higher timeframe bullish signals—like di two-week bullish engulfing and support from di ascending trendline and 50-day SMA—show sey Bitcoin get bullish bias. Even though short-term corrections fit happen as market dey fill di $117,000 CME gap and RSI/Stochastic indicators dey reset, if e fit hold above key support levels around $119,000, e go likely push more gains.