Bitcoin Finds Support; Crypto Analyst Highlights Key Levels Towards $119K
Bitcoin has been moving upward after finding intraday
support near a key level. The price has retraced slightly but continues to form
higher highs on the hourly chart. A trendline can be drawn, which may prove
important for intraday trading decisions.
Bitcoin is trading around a major volume area, serving as a
critical support zone. Analyst BitcoinHyper points to a potential inverse head
and shoulders pattern, indicating the possibility of a notable upward move.
Traders are keeping a close watch on support and resistance levels to
anticipate the cryptocurrency’s next direction.
Bitcoin has been trading near $111,200 over the past
weekend, a level identified as the point of control—the price area with the
highest trading volume in…
