Bitcoin update: key support at $117,750 — correction likely, ATH possible if it holds

I want to share a Bitcoin update. Right now I see Bitcoin around $117,750. I believe a corrective move is likely, and the probability of a pullback from current levels or above $120k is high.

If a correction begins from $117,750, I expect possible downside targets at 117,000, 16,500, 15,350, 14,900, 13,100 and similar lower levels may appear.

If $117,750 holds and provides sustained support, I expect new all-time-high (ATH) levels such as $119,200, $120,000, $120,300, $121,350, $122,500, $122,750, $123,200, $124,000, $124,500, $125,000 and potentially higher.

After reaching new ATHs I also expect corrective moves to follow.

I advise anyone who has realized significant profits to take profit and secure reserves. Short-term traders should consider booking gains, while long-term holders should stay disciplined and stick to their predetermined targets.

These are entirely my personal views and not financial advice. YDT