Citing NewsBTC, Bitcoin is currently testing key price levels as it approaches $125,000 resistance and $118,447 support. On October 3, key opinion leader Ted Pillows analyzed the Order Book Heatmap, noting a high concentration of sell orders at $125,000 and significant buy orders at $119,500 and $117,500. Pillows also highlighted the 20-day EMA at $118,447 as a critical threshold for maintaining the bullish trend, while a break below the 30-day MA at $116,415 could signal a larger correction. At the time of writing, Bitcoin was valued at $122,100, with a 1.6% increase in the past day.
Bitcoin Approaches $125k Resistance and $118k Support Amid Bullish Rally
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