BITCOIN → Breakthrough of the downward trend resistance... 120K?Bitcoin / TetherUS PERPETUAL CONTRACTBINANCE:BTCUSDT.PRLindaBTCUSDT.P formed a false breakdown of key support at 110,000 - 112,000 and returned to the whales' zone of interest. The chart shows the prerequisites for a possible end to the countertrend correction... A false breakdown of the daily support of 110K - 112K provokes a local bearish rally, within which the price breaks through the downward resistance of the correction and tests 113.300. The growth was supported by positive signals from institutional investors, technical stability and a decrease in selling pressure. The fundamental background is positive, the market is trending. The chart shows prerequisites for the end of the correction. However, the further outlook depends on the 112.0 - 112.5K area. if the bulls hold the price above this zone, the flagship may return to the upward movement and head towards 117K - 120K. Support levels: 112.5, 112.0, 110.9 Resistance levels: 113.6, 114.6, 117.0 After breaking through the resistance of the descending channel, the impulse stops and most likely a fight for the 112K zone may form. If the price returns to the channel and consolidates below 112K, then Bitcoin may return to the downward movement, however, while the price is trading above this line, the bulls have a chance... With respect, R. Linda!