Bitcoin (BTC) Price Must Break $116,800 to Go “Explosive,” Says Top Analyst

Bitcoin’s price is retesting a major macro trendline that dates all the way back to 2017. Analysts see the $110K-$112K zone as a critical support and accumulation level for BTC. The key resistance to break for a new rally is $116,800, according to the charts. Leading market analysts are growing more optimistic about Bitcoin, suggesting the stage is being set for a major bull run in the second half of the year. While the price has seen a nearly 4% pullback over the past week, now trading around $114,168 , a closer look at the charts reveals a potentially explosive setup. Despite the pullback, technical indicators and market sentiment hint at a potentially explosive upward move if critical resistance levels are overcome and support zones hold firm. With volume climbing and momentum shifting, the market seems poised for a new phase. Related: US Dollar Index (DXY) Plunge Pushes Bitcoin to $115,000 as Fed Rate-Cut Speculation Heats Up Resistance Levels Hold the Key Michaël van de Poppe believes the market structure is aligning beautifully for a bullish surge, but he emphasizes caution. Bitcoin recently bounced from the $110K–$112K zone, showing that dem… The post Bitcoin (BTC) Price Must Break $116,800 to Go “Explosive,” Says Top Analyst appeared first on Coin Edition .