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btc analysis for today
Technical sentiment is very bullish: "strong buy" signals from various sources.
Strong support is around $116K, while major resistance is in the $120K–$123K zone.
Short-term predictions tend to be sideways/neutrala, but the potential medium-term upside is quite interesting.
On-chain whale activity adds an element of uncertainty—it could be large accumulation or distribution.
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Brief Recommendation:
For day traders and swing traders: the $116–119K zone could be an accumulation area with a breakout target projected towards $120K+.
For long-term investors: technical signals and predictions for 1 month+ indicate potential further increases, but volatility remains high—manage risks wisely.