Bitcoin Faces Pivotal $118K Test: Next Move Could Confirm Rally or Reset Price Cycle

TLDR: Bitcoin trades near $118K, a zone traders see as critical for confirming or rejecting the current bullish structure. Analysts say RSI exhaustion is not yet clear, leaving room for a push toward $120K–$122K before a decision point. Glassnode data shows strong support near $110K–$114K, where much of the circulating supply was recently acquired. A [...]

The post Bitcoin Faces Pivotal $118K Test: Next Move Could Confirm Rally or Reset Price Cycle appeared first on Blockonomi.