Traders Watching Bitcoin For 6 Percent Bounce Toward 116000$

[MadWhale]

Bitcoin is approaching a key daily support and a reliable trendline within a parallel channel, holding which could set up a 6% rally toward 116,000 USD. Traders should watch this level closely for a potential bounce.

[Pitchfork_IS_power]

Solid charting Holding that daily support could indeed trigger a strong bounce. If the channel structure stays intact, $116K looks like a very realistic short-term target