Bitcoin’s been making moves again, and honestly, it’s hard not to pay attention. The cryptocurrency just pushed through a pretty stubborn resistance level, turning it into what looks like solid support. That’s a big deal, I think. It suggests buyers are stepping in with some real conviction. Now, all eyes are on the next target: that $117,000 mark.

Buyers Seem To Be in Charge

According to a recent update from Alpha Crypto Signal, the daily chart is looking pretty strong for Bitcoin. They pointed out that flipping that horizontal zone into support isn’t just a technicality—it shows buyers are really controlling the pace right now. It’s a structural shift, and it sets things up nicely for more potential gains.

With this kind of momentum, the price is being drawn toward that previous swing high. You know, the one near $117,000. That’s the next real test. It’s a level where things could get interesting. Either the rally keeps charging ahead, or people start taking profits. It’s a classic moment of truth.

The Big Test at $117,000

The analysis did mention something else, though. If Bitcoin actually manages to break above $117,000, the level itself might become attractive for short setups. That’s always a possibility. But it’s a risky play. A clean break above the all-time high would pretty much wreck that idea.

For now, $117,000 is the number everyone’s watching. How Bitcoin behaves there will tell us a lot. Will it stall? Pull back? Or just blow right through it? Traders are definitely using it as a key reference for their next moves.

Not Quite Over the Hump Yet

But it’s not all smooth sailing. Another group, Crypto VIP Signal, noted that Bitcoin’s still struggling to firmly hold above $116,000. The trend is up, no doubt, but buyers haven’t completely overpowered that hurdle yet.

They think the broader market looks good, but a short-term slowdown might be coming. Why? Mostly because trading volume tends to dip over the weekend. When the big players ease off, things often just chop around.

So maybe we see some sideways action for a bit. A little consolidation. That wouldn’t be the worst thing—it could help build up energy for another try at that resistance.

Featured image from Pixabay, chart from Tradingview.com