Bitcoin is currently forming a bullish pennant — a classic continuation pattern — right after a strong 14% impulse move. This type of structure often leads to a breakout followed by another powerful rally. And it’s coiling up nicely.
🧠 Technical Breakdown:
🟢 Bullish pennant formation in progress
🔽 Support zone: $115.5K – $116.5K
📏 Flagpole projection targets $135K+ on breakout
⚠️ Currently consolidating with lower volatility — breakout could be near
🔍 What to Watch For:
Clean breakout above pennant = breakout confirmation
Daily close below $115K = invalidation zone
Volume spike will likely signal the next move
📢 Final Take:
BTC is showing healthy consolidation after a strong move, and this pennant could launch us toward $135K and beyond. Keep your eyes on the breakout and manage risk wisely.
💬 Share your thoughts below & smash that ❤️ if you’re watching this move!
🧠 Technical Breakdown:
🟢 Bullish pennant formation in progress
🔽 Support zone: $115.5K – $116.5K
📏 Flagpole projection targets $135K+ on breakout
⚠️ Currently consolidating with lower volatility — breakout could be near
🔍 What to Watch For:
Clean breakout above pennant = breakout confirmation
Daily close below $115K = invalidation zone
Volume spike will likely signal the next move
📢 Final Take:
BTC is showing healthy consolidation after a strong move, and this pennant could launch us toward $135K and beyond. Keep your eyes on the breakout and manage risk wisely.
💬 Share your thoughts below & smash that ❤️ if you’re watching this move!
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。