Bitcoin Holding Near $117.7K — Watch for Pullbacks
I see Bitcoin trading at $117,719, up about 0.5% and sitting near the intraday high with robust volume. Momentum is positive but the move is modest and lacks clear conviction.
I’m monitoring key levels — a sustained break above $118k would signal renewed upside, while a drop below recent support near $116k would increase downside risk. I’ll prefer clearer entry signals rather than chasing the current move.
Analysis
Recommendation
I recommend holding current positions and waiting for a clearer setup; consider buying on weakness (a disciplined dip) or after a confirmed breakout above recent highs.
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.