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Bitcoin Holds Strong: Bullish Breakout Could Target 127K
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Bitcoin Holds Strong: Bullish Breakout Could Target 127K
Bitcoin recently reached a historic high near 125,760 before correcting about 4%, pulling back to around 120,600.
After this brief correction, the price has started to accumulate again, forming and breaking out from a clear bullish triangle pattern — a signal of renewed upward momentum.
If this breakout confirms, Bitcoin could extend its rally toward the 123,700 and 124,900 levels, which are reasonable short-term targets before any larger correction.
A break above the recent top would strengthen the bullish case, opening the way for a potential rise toward 127,000.
Key Targets:
123,700
124,900
127,000For now, Bitcoin should respect this short-term pattern. If the structure fails, it might become a temporary trap for short-term traders — though swing and long-term investors would likely remain unaffected.
You may find more details in the chart!
Thank you and Good Luck!
️PS: Please support with a like or comment if you find this analysis useful for your trading day️ -
Bitcoin Holds Strong: Bullish Breakout Could Target 127K
Bitcoin recently reached a historic high near 125,760 before correcting about 4%, pulling back to around 120,600.
After this brief correction, the price has started to accumulate again, forming and breaking out from a clear bullish triangle pattern — a signal of renewed upward momentum.
If this breakout confirms, Bitcoin could extend its rally toward the 123,700 and 124,900 levels, which are reasonable short-term targets before any larger correction.
A break above the recent top would strengthen the bullish case, opening the way for a potential rise toward 127,000.
Key Targets:
123,700
124,900
127,000For now, Bitcoin should respect this short-term pattern. If the structure fails, it might become a temporary trap for short-term traders — though swing and long-term investors would likely remain unaffected.
You may find more details in the chart!
Thank you and Good Luck!️PS: Please support with a like or comment if you find this analysis useful for your trading day️
BTC - Target_1 Reached
