Saad Ullah
Bitcoin finds itself at one of those make-or-break moments that crypto traders live for. After weeks of sideways action, the world's largest cryptocurrency is coiled like a spring near a critical resistance level that could determine its fate for months ahead.
The setup is classic: bulls and bears locked in a standoff, with neither side able to claim decisive victory. But according to prominent crypto analyst, there's one number that will settle this debate once and for all—$118,000.
Bitcoin (BTC) Price at a Critical Turning Point
Right now, Bitcoin is playing a waiting game. The MVRV Momentum indicator is flashing warning signs that big moves are coming, and @ali_charts isn't mincing words about what needs to happen next.
"BTC must break above $118,000 to validate a bullish continuation," the analyst notes, pointing to Glassnode data that shows the cryptocurrency's momentum indicators compressing near make-or-break levels.
It's the kind of setup that keeps traders glued to their screens. History suggests that when Bitcoin gets this coiled up, the eventual move can be explosive—in either direction.
Why $118K Matters for Bitcoin (BTC) Price
That $118,000 level isn't just another number on a chart. It's become the line in the sand that separates hope from reality for Bitcoin bulls.
Break above it, and we're likely looking at a rush toward $125,000-$130,000 as momentum traders pile in. Fail to clear it, and Bitcoin could find itself testing much lower levels around $105,000-$110,000.
The psychology is simple: traders have been watching this level for weeks, and everyone knows what happens next depends on whether Bitcoin can finally punch through.
Fundamentals Still Favor Bitcoin (BTC) Price Growth
Here's the thing that makes this technical standoff even more interesting—the fundamentals are actually pretty solid. ETF money keeps flowing in, miners are still confident (hash rate near all-time highs), and the Federal Reserve seems ready to cut rates, which typically helps risk assets like Bitcoin.
So we've got this weird situation where the underlying story looks decent, but the chart is demanding proof that buyers are really serious about pushing higher.
Saad Ullah
