Bitcoin ($BTC ) has surged above $118,000, showing strong bullish momentum.
๐ Key resistance now sits near $119Kโ$120K โ if broken, we could see a sharp rally.
โก A 10% price jump from here could liquidate ~$18B in short positions, triggering a massive short squeeze.
๐ Traders are watching the $117.5K level closely for signs of a golden cross.