An Expected Short-Term Rise for Bitcoin

Bitcoin has resumed its upward trend

After a recent corrective downward trend.

The currency has managed to return to near the 116,400 level.

The current upward movement is expected to continue

if the highest resistance level at 116,130 is breached and closed.

In the event of a close, we may see a rise towards the following supply areas

shown on the chart, located at the 120,767 level.

These identified supply areas are important retracement zones

 that could push the currency

to a further correction if reversal signals appear, so please be careful.