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Bitcoin Consolidating Near $118k — Watch for Breakout or Deeper Pullback

I see Bitcoin trading around $117,700 after a modest 24-hour pullback of about 3% and a small 7-day gain. The intraday range shows short-term volatility between roughly $117.6k and $124.1k.

Market-cap dominance and $73B daily volume confirm this is a high-liquidity, large-cap market; short-term moves appear like consolidation rather than trend reversal. I’d stay attentive to a sustained break above $124k for bullish continuation or a drop below recent lows for deeper pullbacks.

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Analysis

Price action shows consolidation within a $117.6k–$124.1k range, high liquidity and market cap suggest moves are driven by traders testing resistance. Short-term momentum is mixed: modest weekly upsid...

Recommendation

Neutral stance: monitor price for a breakout above $124k for confirmation of renewed strength, or use disciplined accumulation on confirmed weakness if you have a long-term horizon. Keep position sizi...

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.

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