Bitcoin Consolidating Near $118k — Neutral Outlook
I see Bitcoin trading at $117,776, up 0.4% with an intraday range of $116,867–$117,894 and volume near $334 million. The price action reads as a tight consolidation after recent gains.
I'm neutral here: I want to see a decisive breakout above the intraday high on rising volume or a clean pullback to support before increasing exposure. For now I prefer defined entries and stops rather than chasing the current level.
Analysis
Recommendation
Hold position and wait for confirmation: consider buying on a confirmed breakout with volume or buying on weakness near established support with a clear stop-loss.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.