BTC with potential for $115,000/$120,000

🔍 Market structure (Price Action)
📈 Trend:
The market previously formed higher highs (HH) and higher lows (HL) – a classic uptrend.

Then there was a correction and a lower high (LH) and lower low (LL) appeared – a potential change in the trend to a downtrend.

The last two lows are again HL (Higher Lows) – suggesting an attempt to return to the uptrend.

🔄 Key support and resistance levels
✅ Resistance (green horizontal lines):

117.469 – local resistance and potential breakout target from the current range.

115.802 – confirmed resistance from previous consolidations.

111.814 – strong local resistance (LH – Lower High formed there).

109.341 – current resistance, the price is currently testing it.

🛑 Support (red horizontal lines):

105.370 – local support, price reacted at this level in recent days.

102.650 – important support, level of previous HL.

100.095 – consolidation level before breaking out upwards.

98.213 – last LL – very important level in the context of defending the structure.

🧭 Structure of peaks and troughs
HH: Higher High – confirmed the previous uptrend.

LH: Lower High – first warning about changing the structure to down.

LL: Lower Low – confirmed a potential change to downside.

HL (x2): two more higher lows – suggest a possible return to growth.

📊 Stochastic RSI (at the bottom of the chart)
The oscillator is currently in the overbought zone (>80), approaching a downward crossover.

It suggests a possible short-term halt in growth or correction.

But in strong trends it may "stick" to the upper range.

📌 Potential scenarios:

🟢 Bullish:
If the price breaks above 109.341, it may test 111.814 and then 115.802.

Continuation of the HL → HH formation will confirm a trend reversal and further growth.

🔴 Bearish:
If the price does not stay above 109k and breaks below 105.370, there is a risk of a test of 102.650 and lower.

A break of 100.095 and especially 98.213 will negate the growth structure.

🧠 Conclusions:
The market is at a key decision point - HL formation vs. resistance zone.

Buyers' strength will be confirmed only after breaking 111-112k.

Stochastic RSI warns of potential pullback or consolidation.