Bitcoin Holds Ground Near $116K Support as Bulls Eye Breakout to $124K

Bitcoin is currently trading around $118,176, with support levels near $116,000. Analysts are closely watching resistance at the $120,000 and $124,000 mark as a potential target for further price movement. Michael Saylor’s recent institutional investments in Bitcoin are adding weight to market confidence. This article delves into the latest technical analysis of Bitcoin’s price action, exploring support levels, key resistance areas, and the impact of recent developments such as Saylor’s buying activity.