Bitcoin: Buying Opportunity at Support Before the Next RallyBitcoin / US DollarBINANCE:BTCUSDEmmaChartistHello everyone, today I’d like to share a brief analysis of Bitcoin BTCUSD and some key developments in the market. Currently, Bitcoin is experiencing a mild correction after a strong rally in recent weeks. During this phase, Fair Value Gaps (FVGs) are appearing, which could provide opportunities for the market to fill price inefficiencies and continue its prior trend. From a technical perspective, Ichimoku Cloud shows that the price is hovering around the Cloud area, a crucial region in determining Bitcoin’s next move. If Bitcoin fails to hold above its current support, we could see another slight correction before continuation. Macro Factors Impacting Bitcoin: US Bitcoin Reserves: The US government’s recognition of Bitcoin as a national reserve asset has strengthened investor confidence. Corporate Adoption: Companies such as MicroStrategy are ramping up Bitcoin purchases, injecting significant capital into the market. Monetary Policy: The Federal Reserve’s rate cuts may enhance Bitcoin’s appeal as a safe-haven investment. Bitcoin Outlook: Although Bitcoin is currently in a slight pullback, I anticipate that after retesting the key support zone between 113,000 and 115,000 USD, Bitcoin will attract strong buying pressure and begin to recover. If it holds these levels, the market is likely to resume its bullish momentum toward the next resistance levels, with the first target at 116,000 USD. Therefore, if you are monitoring Bitcoin, the 113,000 – 115,000 USD range is a strategic area to consider buying, with expectations of continued upside momentum in the near term. Wishing you successful trades and always exercise caution in your decisions!