Bitcoin Price Holds Support Zone – Can It Power the Next Leg Higher?

Bitcoin price is holding the $117,250 support zone. BTC is consolidating and must clear the $118,500 resistance zone to gain bullish momentum in the near term. Bitcoin started a downside correction below the $118,500 zone. The price is trading near $118,000 and the 100 hourly Simple moving average source: https://www.newsbtc.com/analysis/btc/bitcoin-price-holds-support-117600/