Bitcoin Price Prediction: Bulls Eye $119K at $118.5K Resistance
Bitcoin price prediction: Bitcoin (BTC) rose 1.3% in 24 hours, testing resistance at $118,500. On the hourly chart, BTC is aiming to close above $118.5K, which could extend gains toward $119K by tomorrow. From a mid-term perspective, the key level sits at $118,775; a successful breakout could propel Bitcoin price prediction toward $120K and even trigger a new all-time high if BTC surpasses $123,236. Traders should watch bullish momentum and volume for confirmation. At press time, BTC trades near $118,592. Resistance and breakout levels will be critical for guiding short-term and mid-term strategies.
Bullish
The analysis highlights Bitcoin’s attempt to breach key resistance levels at $118,500 and $118,775. A successful hourly close above these thresholds may drive BTC toward $119K–$120K and potentially a new all-time high. This bullish momentum, combined with recent 1.3% gains, suggests traders may adopt long positions, mirroring previous rallies that followed resistance breakouts. In the short term, market outlook is optimistic, provided volume supports the move. Over the long term, sustained breakouts beyond $123,236 could reinforce upward trends and attract more buying interest.