Bitcoin is flirting with a make-or-break zone. Analysts warn that 117,000 isn’t just another number — it’s the line between consolidation and a breakout that could fuel the next parabolic run. If BTC clears 118K with conviction, buckle up.
Crypto analyst Joao Wedson has flagged the 117K zone as a battlefield between bulls and bears. Historically, this level has been a magnet for slowdowns, local tops, and trader indecision.
👉 “Any price above 117,000 enters a zone of strong interest and indecision. A clear break above 118,000 would be a sign of strength,” Wedson explains.
Two heavyweight indicators are flashing in sync:
Both point to 117K–118K as the zone to watch. When multiple indicators converge, traders pay attention.
This isn’t just technicals. The 117K–118K range is also a psychological barrier. Clearing it could unleash FOMO-driven inflows, while rejection could spook momentum traders.
The takeaway: 117K is the new line in the sand. If Bitcoin breaks it, the next leg of the bull cycle could arrive faster than expected.
Bitcoin is dancing around 117K, a level where history says markets pause. If BTC smashes through 118K, analysts expect an explosive move higher. Fail, and we get more sideways chop. Either way, this is the battleground for the next phase of the bull run.
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