BTCUSDT – Uptrend Remains IntactBitcoin is undergoing a mild pullback after breaking out to a recent high near 120,000 USD. The price is currently consolidating within a price box ranging from 112,325 to 120,016 USD – a healthy pause before a potential continuation of the bullish trend.
The key support zone lies at 112,325 USD (Fibonacci 0.618), which could act as a launchpad if retested. Should buying pressure clearly re-emerge at this level, BTC may resume its upward trajectory and aim for the 1.618 Fibonacci extension at 132,459 USD.
