Technical analysis by ArmanShabanTrading about Symbol BTC: Buy recommendation (17 hour ago)

By analyzing the Bitcoin chart on the 4-hour timeframe, we can see that the price moved higher as expected, reaching around $118,000. After that, Bitcoin corrected down to the $115,000 demand zone. Once it touched this level, demand stepped in again and the price bounced back. Currently, Bitcoin is trading around $116,000. If the price holds above the $114,400–$115,000 support zone, we can expect the start of another bullish wave. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman ShabanAfter the expected bounce from the $115,000 demand zone, Bitcoin is now consolidating around $116,000. This type of price behavior suggests that the market is in an accumulation phase. If the price holds above the $114,400–$115,000 support zone, it could provide the foundation for a move toward $119,500 and potentially $121,200. If the price breaks below $114,400, the next demand area to watch is around $112,800.