Bitcoin has broken out of a prolonged consolidation zone and surged above key resistance levels, signaling strong bullish momentum. Price is now trading well above the Ichimoku cloud, confirming a clear uptrend. The setup suggests further upside potential with a long target near 123,120.
🔸 Trend: Strong Bullish
🔸 Entry Zone: Above 117,500
🔸 Target: 123,121
🔸 Support/Stop Zone: 114,850
🔸 Technical Indicators: Breakout from cloud and consolidation; bullish price structure
🔸 Fundamental View: Strength driven by institutional inflows, macro optimism, and weakening USD outlook
Outlook: Momentum favors bulls. Price continuation likely if support near 114,850 holds.
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🔸 Trend: Strong Bullish
🔸 Entry Zone: Above 117,500
🔸 Target: 123,121
🔸 Support/Stop Zone: 114,850
🔸 Technical Indicators: Breakout from cloud and consolidation; bullish price structure
🔸 Fundamental View: Strength driven by institutional inflows, macro optimism, and weakening USD outlook
Outlook: Momentum favors bulls. Price continuation likely if support near 114,850 holds.
Note :If you found this helpful, like and follow for more trade ideas!
Share My Idea With Your Firends Mention Your Feed back Comment Section
This is not financial advice. Please conduct your own research and manage risk accordingly.
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