Bitcoin (BTCUSD) is demonstrating robust upward momentum, currently positioned near $87,889 and setting sights on new highs. The strong bullish trend suggests that BTC may target the critical resistance around $126,090, a key Fibonacci level that could pave the way for further gains.
This level marks a significant milestone, and if BTC manages to break above it, the move could trigger a powerful bullish extension, potentially marking the start of a long-term rally. While minor pullbacks might occur, particularly around $78,538 as support, the general outlook remains optimistic as long as Bitcoin holds above key support zones.
Investors are closely watching this upward trajectory, anticipating a breakout that could push BTC to unprecedented levels in the coming months.
This level marks a significant milestone, and if BTC manages to break above it, the move could trigger a powerful bullish extension, potentially marking the start of a long-term rally. While minor pullbacks might occur, particularly around $78,538 as support, the general outlook remains optimistic as long as Bitcoin holds above key support zones.
Investors are closely watching this upward trajectory, anticipating a breakout that could push BTC to unprecedented levels in the coming months.
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