Bitcoin Eyes Major Upside Breakout
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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.