Bitcoin is currently consolidating within a symmetrical triangle, suggesting indecision in the market. However, a breakout is imminent — and when it comes, it will likely be sharp.
🔹 Bullish Scenario:
A breakout above $120K would likely lead to a new All-Time High near $124K.
🔹 Bearish Scenario:
A breakdown below $116,400 opens the door for a quick drop toward the $112K–$110K zone, which should be considered a buy opportunity.
⚠️ Pro Tip:
There’s a volume imbalance just below the $116.4K level. If price breaks below it, the move down may be faster and more aggressive than expected — so plan accordingly.
Regardless of short-term volatility, the macro trend remains bullish, and Bitcoin will rise again.
Thanks for reading.
🔹 Bullish Scenario:
A breakout above $120K would likely lead to a new All-Time High near $124K.
🔹 Bearish Scenario:
A breakdown below $116,400 opens the door for a quick drop toward the $112K–$110K zone, which should be considered a buy opportunity.
⚠️ Pro Tip:
There’s a volume imbalance just below the $116.4K level. If price breaks below it, the move down may be faster and more aggressive than expected — so plan accordingly.
Regardless of short-term volatility, the macro trend remains bullish, and Bitcoin will rise again.
Thanks for reading.
Trade chiuso: obiettivo raggiunto
The bottom target at $112K has been reached after the triangle broke below.
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.