Summary
- Rekt Capital said Bitcoin (BTC) could see a rally begin in earnest if the $117,200 resistance is broken.
- Analyst Daan Crypto Trades presented a short-term key zone as a $112,000~$118,000 box range.
- Ted Pillows said that if the $117,000 breakout fails, a correction before a fourth-quarter rebound is inevitable.
On the 22nd, according to crypto asset (cryptocurrency) specialist media Cointelegraph, Bitcoin (BTC) is exploring short-term direction around $116,000, while major analysts presented key support and resistance zones.
Crypto asset analyst Rekt Capital analyzed, "The $114,000 support level is solid, but whether the $117,200 resistance is broken is the key factor determining the possibility of a rally."
Another analyst, Daan Crypto Trades, pointed to a narrow volatility box, saying, "The short-term key zone is $112,000~$118,000."
Furthermore, Ted Pillows forecasted, "If the upside break of $117,000 occurs, an additional upward rally is possible, but if it fails to break through, a correction before a fourth-quarter rebound is inevitable."
JH Kim
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