The Bitcoin 1-day chart is showing a symmetrical triangle pattern, a strong signal of consolidation before a significant move. With Bitcoin’s prior bullish trend, the pattern suggests a likely breakout to the upside. If Bitcoin breaks above the resistance level near $108,000, it could head toward the $127,000 range, continuing its bullish momentum.
On the other hand, a failure to hold support could lead to a move lower, with critical levels around $92,000 and $89,000 potentially coming into play. This move is expected to set the tone for Bitcoin’s next big trend.
On the other hand, a failure to hold support could lead to a move lower, with critical levels around $92,000 and $89,000 potentially coming into play. This move is expected to set the tone for Bitcoin’s next big trend.
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