Bitcoin breaks $116K, but a weekend pullback may be inevitable
From kitco.com
Bitcoin smashed through the $116,000 mark and closed above the daily TBO Cloud, confirming bullish momentum with OBV crossing its MA line. On the 4h chart, BTC has printed two TBO Breakouts, and a third could push things even further. Still, a repeat of the July 14th pullback is possible. With next week’s Fed interest rate decision approaching—and markets pricing in a 25bps cut—a brief pullback could emerge from uncertainty. A CME gap forming above Monday’s open would be ideal. Ethereum has finally broken above resistance and is now pushing higher, aligning with previous 4h TBO Close Short signals that anticipated a ...
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