Bitcoin Holds Key Range Levels as Bulls Eye Continuation

Bitcoin continues to trade between two key levels at $123,348 and $121,307, with a breakout or breakdown likely to dictate the next major move.

Price action remains tightly range-bound between these zones after multiple rejections and retests. A reclaim of $123,348 would signal continuation toward new highs, while a drop below $121,307 could invite a deeper corrective phase.

The $119,000 level serves as a crucial support where liquidity is building, aligning with prior demand zones. Structurally, Bitcoin’s broader trend remains bullish, and the ongoing pullback appears corrective rather than a reversal. As long as price holds above the $119,000 region, buyers maintain control of the trend.

What to Expect:

Sustained strength above the $121,000 level would support an eventual push toward new highs, while losing it could extend the correction before another bullish rotation forms.