$BTC Eyes a New Rally After $116K Pullback!

[Arman Shaban]

By analyzing the Bitcoin (BTC) chart on the 12-hour timeframe, we can see that after reaching $116,000, the price partially filled the Fair Value Gap (FVG) we were watching and then started a correction.
Currently, BTC is trading around $111,700.
If the price can hold above the $110K support level, we can expect another bullish move toward higher levels.
The next potential upside targets are $113,800, $116,000, $119,600, and $120,800.