Bitcoin Price Dey Eye Breakout for $117,250 Resistance, Eye $119,250
Bitcoin price don climb pass $116,500, e extend dia rebound from around $114,500 plus e dey hold pass the 100-hour moving average. Di pair now dey face strong resistance for $116,950 and $117,250, and if e fit close well above $117,800, e fit open road go $118,500 and $119,250. For downside, support dey for $116,200, $115,500 and $115,000, but if e fall comot below $112,500, na sharper pullback fit happen. Hourly technical indicators for Bitcoin price still dey bullish, with MACD dey rise and RSI over 50 wey dey support better chance for price to breakout upwards. Traders suppose dey watch these key levels well to sabi momentum or risk of pullback.
Bullish
Di steady climb weh de move from $114,500 go above $116,500 plus di hold weh e get above 100-hour moving average na show say di bullish momentum dey grow. For short term, if dem break di resistance weh de $117,250 and especially $117,800 e go fit make fresh buying interest start, wey go target $118,500 and more. For long term, if support dey hold for key zone dem like $116,200 and $115,500, plus MACD dey rise and RSI above 50, e show say di big picture trend for Bitcoin still dey go up. Even if dem no fit break di resistance e fit make small pullback happen but overall technical indicator and price movement still dey point to say make person dey bullish.