hold

Bitcoin near $117k — consolidation; watch 4.79M TL support

I see Bitcoin trading around $117,209 (≈4,820,227 TL) after a modest intraday dip of about 0.7% while the week remains slightly positive (+0.33%). The intraday range is 4,794,343–4,877,500 TL with volume around 15,149,939 TL.

Technically this looks like short-term consolidation rather than a clear reversal — the narrow range and moderate volume point to limited conviction. Key levels to watch are support near 4,794,343 TL and resistance near 4,877,500 TL; a decisive break will likely set the next direction.

I will hold for now and monitor price action closely; I would consider buying on weakness toward the support level or after a confirmed break above the weekly high with pick-up in volume.

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Analysis

Range-bound price action with light-to-moderate volume suggests indecision. The market shows a slight bullish weekly bias but lacks momentum; watch for a break of the 4.79M TL support or 4.88M TL resi...

Recommendation

Hold for now. Consider buying on weakness near the low (≈4.79M TL) or after a confirmed breakout above the weekly high with increased volume.

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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