BTC Price Prediction: $117,394 Support vs $123,236 Resistance
Bitcoin BTC price prediction dey fokus as BTC dey trade near critical levels. Saturday CoinStats data show say Bitcoin BTC price prediction dey struggle after 0.4% drop, with BTC dey for $117,837. For di 1-hour chart, false breakout under $117,394 support cause rebound. Dis show say resistance fit test soon. But daily chart get bearish signal as BTC dey hover near im support trendline. If e no fit hold pass $117,201, e fit push price go $115,000–$116,000. Midterm, false weekly breakout pass $123,236 show say bullish momentum weak. If weekly candle close under dat level, Bitcoin fit correct deep down go $112,000. Traders suppose watch $117,394 support, $117,201 pivot, and $123,236 resistance to sabi wetin next to do.
Bearish
For short term, di article dey highlight false breakout wey happen under key support wey be $117,394 before e bounce back, e show say sellers still dey control momentum. For hourly chart, dis pattern dey talk say no much upside go dey unless dem clear one solid resistance. For midterm, false weekly breakout wey pass $123,236 show say bullish conviction no strong. For history, similar failed breakouts for big resistance levels don cause 5–10% pullbacks—for example, May 2021 BTC no fit hold above $60,000 and drop 15% inside one week. If weekly candlestick close below $123,236, Bitcoin fit further correct go $112,000. These factors show bearish pressure for near and medium term, e mean say impact dey bearish. Traders suppose dey watch the $117,394 support and $123,236 resistance to fit assess risk.