BTC BREAKING KEY LEVEL — $115K TO $119K MOVE INCOMING?

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BTC BREAKING KEY LEVEL — $115K TO $119K MOVE INCOMING?Bitcoin / TetherUS PERPETUAL CONTRACTBINANCE:BTCUSDT.PSwingSamurai_QMABitcoin just tested $113K support and bounced hard — now eyeing $117K resistance. This setup is primed for momentum traders looking to catch the next leg up. Critical Price Action Price is hovering around the $115K psychological level, which has become the make-or-break zone for bulls. Support at $113K represents the ultimate safety net — lose this on 4-hour or daily timeframes and Bitcoin will probabilistically head lower toward retest of sub-$112K levels. The chart shows multiple touches confirming this as a legitimate demand zone where institutional buyers are stepping in. The Setup (High Probability Trade) ✅ Trade Condition: Close above $113.5K on 4H → Confirms bullish reversal and momentum shift. This breakout would signal that buyers have absorbed selling pressure and are ready to push toward liquidity pools sitting between $118K-$119K. 🎯 Target Zones: First target $117,000 as immediate resistance, then If momentum sustains, liquidity grab could extend toward $118K-$119K where October forecasts project continuation. 🛑 Stop Loss: Below $113k — this invalidates the bullish structure and suggests bears maintain control. Why This Works Strong bounce from ~ $113K base equals momentum building. This is a classic support-to-resistance move where former resistance (the $115K zone) now acts as support, creating asymmetric risk-reward for bulls. Volume analysis shows accumulation patterns consistent with institutional buying ahead of Q4 volatility. Watch for Confirmation — No Fakeouts The key is waiting for 4-hour candle close (min 1hr) above $114.5K with volume confirmation. Fakeouts are common at psychological levels, so patience prevents getting stopped out prematurely. Monitor order book depth and funding rates for additional confluence. #BTC #Bitcoin #CryptoTrading #DayTrading #Breakout #BullishSetup #TechnicalAnalysis #CryptoSignals #BTCAnalysis #TradingView