One Key Reason Why Bitcoin Could Surge to $127K
Bitcoin holders have faced a tough market in recent months, but the longer-term outlook offers hope. The price appears to be forming bullish patterns like a cup and handle or an inverse head and shoulders. A break of the trend line at $74,000 could trigger a surge toward $127,000.
In the short term, Bitcoin is stuck in a bull flag. To push higher, the price needs to break above $66,670 or $69,293. These levels are crucial, as breaking them may ignite the larger cup and handle breakout, signaling a strong upward move.
What is your take on BTC?
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
In the short term, Bitcoin is stuck in a bull flag. To push higher, the price needs to break above $66,670 or $69,293. These levels are crucial, as breaking them may ignite the larger cup and handle breakout, signaling a strong upward move.
What is your take on BTC?
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
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