Bitcoin (BTC) is trading around $115,000 , showing early signs of recovery even though it’s still below the EMA50 on the 4-hour chart. The overall trend is turning positive, and the technical setup hints that BTC might be gearing up for a strong upward move soon. BTC Chart (Source TradingView) The key resistance level is at $117,800 . If Bitcoin moves above this price and holds, a quick rise toward $120,000 is highly possible. Buyers have been slowly taking control, and every small dip is being supported by strong demand. On the other hand, BTC has a solid support area near $109,600 , which has been protected many times. As long as Bitcoin stays above this support, the overall trend remains favorable for bulls. RSI (Source TradingView) Looking at the RSI (Relative Strength Index) on the 4-hour chart, it continues to rise steadily. This shows that buying pressure is increasing and traders are becoming more confident. A rising RSI usually signals that momentum is shifting to the ...