Bitcoin continues to trade above $115,000 after breaking a key resistance in the past few days. With the Federal Reserve’s next policy meeting approaching, attention has shifted to a potential pullback.
Traders are watching the $111K–$113K area as a possible support zone. The current setup could offer a new entry before the next leg up.
BTC Holds Above Breakout Zone
Bitcoin crossed the $112,000 level late last week, breaking through a resistance level that had held for several weeks. Michaël van de Poppe commented,
“The $112K marked the tipping point for me.”
Over the past 24 hours, though, BTC has remained steady in the $115,000 range.
Source: Michaël van de Poppe/X
If the asset retraces in the short term, the $111,000–$113,000 zone is expected to be tested. This range is now viewed as support after acting as resistance during the recent move up. Market participants are watching this level closely ahead of the FOMC announcement.
Notably, the next resistance sits between
We współpracy z: https://cryptopotato.com/fed-week-drama-will-bitcoin-fall-first-and-explode-later/
