#WillBTCHit120K 📈 Market Insights Weekly: Weekly Forecast Challenge
💡 My forecast:
I believe that BTC will not reach the $120K level this week. Moreover, there is still a risk of correction, and one of the key factors could be an unfilled GAP on the CME chart.
📉 Technical analysis justification:
· Current price: $114,724. BTC is in a consolidation zone below the key resistance of $115,789 (24 h High ).
· Indicators signal overbought conditions:
· RSI(9) = 87.4 — indicates strong overboughtness. Historically, such levels often precede a correction or sideways movement.
· MACD: Positive