#Bitcoin# This Week After Peaking Around $124,400, It Lost Nearly 5% in Value, Finding Ground Around $117,800. Today, The Slightly Rising Cryptocurrency at $119,000 Thus Closed the Price Gap at $118,335 in CME Perptual Futures. Bitcoin, Which Continues to Stay Within the Rising Channel, Has Created Close Support and Resistance Levels According to Fibonacci Levels and Trend Lines. Based on the Plummet in the First Quarter of the Year, Bitcoin Has Been Moving in Accordance with the Fibonacci Levels We Follow, Currently at $119,000 (Fib 1.414) as a Pivot Level. Just Below This Level, $117,500 is Being Monitored as a Minor Support with Rising Trend and Short-Term EMA Values. The Break of This Support Could Lead to Drops of Up to $114,600. If Selling Pressure Continues, The Current 3-Month EMA Value at $11,980 May Be Tested. Below This Level, We Could See a New Downward Trend Gaining Momentum in Weekly Closures. On the Other Hand, If Bitcoin Successfully Remains Above $117,500 in Daily Closures, We Could See a Proper Attack at $125,440, Followed by Fib 1.618 Value. A Possible Breakout Could Continue with New Peaks Around $130,000 Along the Upper Boundary of the Rising Channel. This Would Support Predictions of $156,000 Towards the End of the Year. At This Point, The Main Trigger to Watch Will Be the Fed's Start of the Interest Rate Cut Process. The Upcoming Macro Data Before the Decision in September, If It Comes in Support of This Decision, Could Play a Leading Role in Upward Attacks. Additionally, Low Geopolitical Tension for the Remainder of the Year Will Support Bitcoin's Positive Outlook. Therefore, The Outcome of the Meeting Between Trump and Putin in Alaska Today Could Also Lead to Significant Volatility in Risky Markets. $BTC