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Frederickbayly
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Looking at your chart, here’s what I see: Current Price: \~116,005 USDT Resistance Zone:Around 117,481 – 117,942 USDT (this is where price may face selling pressure). Support Zone: Around 115,458 USDT (near-term) and stronger support near 112,015 – 112,226 USDT (lower Bollinger Band & moving average). Trend: The price is currently above the 20-day SMA and testing the upper Bollinger Band, which suggests short-term bullish momentum. ### Highest Bullish for Today (Projection)** Given the chart’s structure and current momentum, the price has room to move towards 117,900 USDT if buying pressure continues and resistance breaks. So, 117,900 – 118,000 USDT looks like the highest bullish target for today based on the ### Possible Bearish Level for Today If Bitcoin fails to break above the 117,500–117,900 resistance zone, a pullback could occur. Here’s what the chart shows: Nearest Support:115,458 USDT (yesterday’s low area). Stronger Support Zone: 112,015 – 112,226 USDT (close to the lower Bollinger Band and 20-day SMA). 📉 Bearish Projection for Today: Likely lowest bearish move → around 115,400 USDT If strong selling pressure comes in, worst-case dip could test 112,200 USDT before finding solid support. This means bullish momentum is still stronger but you should watch for rejection candles near 117,500–117,900 to avoid entering late.
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I think it going reach 118k and then bounce back
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I have been contemplating on this same analysis of mine
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Good morning
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