Bitcoin Flips Key Support, Bulls Now Target $117,000

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Bitcoin (BTC) has reached a critical turning point, successfully flipping a key horizontal supportzone that previously acted as resistance. With momentum now building, the focus has shifted to the next major test: the $117,000 resistance level. A decisive move above this threshold would not only confirm the continuation of the current rallybut also set the stage for a potential run toward new highs. Daily Support Flip Confirms Bullish Control

Alpha Crypto Signal, in a recent market update, pointed out that BTC is showing renewed strength on the daily timeframe. The leading cryptocurrency successfully flipped a key horizontal zone into support, a move that highlights growing buyer dominance in the market. This structural shift is seen as a positive development for bulls, laying the groundwork for further upside momentum. Related Reading Bitcoin Price Flashes ‘Rarest Signal’ Ever, Is A 100% Rally Possible? 2 days ago

With buyers firmly in control, Bitcoin’s price actionis now being driven higher toward the previous swing high near $117,000. This level has emerged as the next significant hurdle for bulls, acting as a critical area where market sentiment could either extend the rally or spark profit-taking.  BTC bulls pushing price higher | Source: Chart from Alpha Crypto Signal on X

The analysis further noted that if Bitcoin manages to push above $117,000, the level itself could turn into an attractive area for potential short setups. However, such a strategy carries risks, as the invalidation point would be a decisive breakoutabove BTC’s all-time high. 

Until then, $117,000 stands out as the key level of interest for market participants. How Bitcoin reacts in this zone will determine whether it consolidates, faces rejection, or surges higher. For traders, this level offers a critical point to evaluate possible entries, exits, and positioning as the next major move takes shape. Bitcoin Struggles To Secure A Hold Above $116,000

According to a recent postby Crypto VIP Signal, Bitcoin is continuing its upward trajectory. However, the cryptocurrency has not yet been able to firmly hold above the $116,000 level, which suggests that while the overall trend is bullish, buyers have yet to fully overcome this significant hurdle. Related Reading Bitcoin Price Recovery Hopes Rise – Can Bulls Push It Past Resistance? 1 week ago

Crypto VIP Signal’s analysis notes that the entire market is looking positive, but a temporary slowdown can be expected. This is primarily attributed to a decline in trading volume, which is a common occurrence on weekends as activity from institutionaltraders and large investors often lessens.

Given these conditions, Crypto VIP Signal predicts that Bitcoin will likely experience a period of sideways movement. The consolidation phase would allow the market to digest recent gains and build the necessary momentum to attempt another push past the $116,000 resistance. BTC trading at $115,981 on the 1D chart | Source: BTCUSDT on Tradingview.com Featured image from Pixabay, chart from Tradingview.com