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.
👨🏻💻💭 Do you think BTC will hit $126K soon? Share your thoughts below!
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