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Bitcoin Flips Resistance Into Support: A Bullish Signal Ahead Key Breakout Above $117K Bitcoin has officially flipped a major resistance level into support around the $117,000 mark, a development that has caught the attention of traders and investors worldwide. For weeks, this zone acted as a ceiling, pushing price action lower whenever BTC attempted to break through. Now, with the successful reclaim and retest, the technical outlook suggests growing bullish momentum. Why This Level Matters The highlighted resistance zone has historically acted as a key battleground for bulls and bears. Each rejection in the past sparked significant pullbacks. By converting this area into support, Bitcoin is signaling strength, indicating that buyers are stepping in aggressively to defend higher prices. This shift often marks the start of a larger rally, as it shows the market is ready to accept a new trading range. Investor Sentiment Turning Positive Market sentiment is also aligning with the technical picture. Many analysts are calling this breakout a critical step in Bitcoin’s journey toward its next major resistance levels near $120,000 and $125,000. On-chain data shows accumulation by whales and institutional wallets, further supporting the narrative that BTC is entering a stronger phase of demand. What’s Next for BTC? If Bitcoin continues to hold above $117K, the probability of testing $120K in the short term is high. Breaking past this psychological level could pave the way for even larger gains, with mid-term targets extending to $130K and beyond. However, if BTC fails to sustain momentum, traders will closely watch the $116K support zone for signs of weakness. For now, the chart tells a promising story: resistance has flipped into support, and Bitcoin’s bullish structure is intact.

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