# Title: Bitcoin Breakout - Bullish Momentum Ahead?
## Chart Analysis:
- Key Resistance Level: $106,000
- Key Support Level: $92,200
- Indicators Used: Moving Averages, RSI, MACD
- Chart Patterns: Ascending Triangle
## Description:
Bitcoin is approaching a critical resistance level at $106,000. The ascending triangle pattern suggests a potential bullish breakout. The RSI is showing strong bullish momentum, and the MACD is indicating a possible crossover. If Bitcoin breaks above $108000, we could see a rally towards $120,000.
## Entry Points:
- Entry: $50,100 (after breakout confirmation)
- Stop-Loss: $973,000 (below support level)
- Take-Profit: $102,000 (next resistance level)
## Tags:
#Bitcoin #BTC #Crypto #TechnicalAnalysis
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