Bitcoin price analysis: BTC consolidates at 117,000 USD-key levels indicate possible outbreaks towards $ 123,000 or $ 112,000

Bitcoin price analysis: BTC consolidates at 117,000 USD-key levels indicate possible outbreaks towards $ 123,000 or $ 112,000

Bitcoin price forecast: consolidation at $ 117,000

The Bitcoin course (BTC) currently consolidates USD 117,000 and moves within a WEDGE pattern. This chart -technical formation indicates that the course could carry out a significant movement in the near future.

Important outbreak level

The analysis shows that there are decisive outbreak levels that could lead to an increase to $ 123,000 or a decrease to $ 112,000. A outbreak over 117,000 would signal a bullish momentum movement towards $ 123,000. In contrast, a case under the support of $ 117,000 could push the course in the direction of $ 112,000.

Conclusion

The coming days will be decisive for the direction in which the Bitcoin course will develop. Investors should keep an eye on the market movements and the formation of the WEDGE pattern in order to make well-founded decisions.