The Key Divergence Propelling Bitcoin to $126K

Bitcoin is displaying strong bullish momentum, staying above the EMA Ribbon, which is trending upward and providing dynamic support. The price has successfully broken the descending trendline, signaling a bullish shift in market sentiment.

A notable divergence between the price and the TSI (True Strength Index) was observed, where the TSI was descending while the price remained in a range. This divergence indicates that bulls were in control despite the consolidation phase. Following this, the TSI made a bullish crossover above the 0 level, further confirming upward momentum.

The Signal Builder indicator aligns with this analysis, supporting the bullish trend with consecutive buy signals.

Targets:
- TP1: $112,000 – Based on the 100% Fibonacci extension of the previous impulse.
- TP2: $126,000 – Aligned with the 1.618 Fibonacci extension, marking a potential continuation target.

As long as Bitcoin stays above the EMA Ribbon and maintains its bullish structure, these targets remain valid. A breakdown below key support levels could signal a need for further consolidation before attempting another rally.

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