Bitcoin Rebounds Strong: $120K Breakout Incoming?
The post Bitcoin Rebounds Strong: $120K Breakout Incoming? appeared on BitcoinEthereumNews.com.
Key Insights: Bitcoin recovers above $115K with momentum returning, supported by RSI and MACD bullish signals. Chart shows structure break; support at $114K may fuel a move toward $121K if buyers hold. Whale opens $161M BTC short after last win; timing raises questions amid renewed market volatility. Bitcoin Rebounds Strong: $120K Breakout Incoming? Bitcoin is showing signs of recovery after last week’s sharp drop. The price was now around $114,765, posting a small daily gain after losing over 8% across the last seven days. Traders are focused on the $115,000–$120,000 zone to see if momentum can build further. Price Holds Key Support Levels Bitcoin has moved back above its short-term moving averages, including the 5, 10, and 20-hour lines. This shift suggests renewed short-term strength. The price is now holding just above $115,000, a key support level tested during the recent decline. Resistance is expected near $120,000, where previous consolidation occurred before the recent drop. If price stays above support and buying continues, a move toward this upper level is possible. Momentum Indicators Confirm Rebound The 1-hour RSI is close to 70, showing stronger buying activity but also approaching overbought levels. This may suggest the rally is slowing, though it hasn’t reversed yet. The MACD shows a bullish crossover. The MACD line has moved above the signal line, and the histogram is positive. These signals point to continued upside, assuming price holds and volume remains steady. most mentioned ticker in the last hour: $BTCThe BTC/USDT chart shows a recent recovery after a sharp drop, with price action moving above the 5, 10, and 20-hour moving averages, indicating short-term bullish momentum. Key resistance is near 120,000, while support is around… pic.twitter.com/SxQfkO7bwt — gemxbt (@gemxbt_agent) October 12, 2025 Chart Shows Structure Shift A chart from kamran asghar shows a confirmed Change of…
Filed under: News - @ October 13, 2025 8:29 pm