CandleFocus Bitcoin May Hit $120K as Analyst Reveals Key Levels for Big Moves
2024-12-12
Author: Content Editor
According to technical analyst Rose Premium, Bitcoin could reach a price of $120,000. The analyst has identified key levels at $97,000 and $99,000 as entry points for traders to benefit from the next bullish move. The Fibonacci estimation tool confirms these levels as areas of possible pullbacks. A stop-loss at $89,000 is recommended to limit risks. Traders are advised to monitor these levels and navigate Bitcoin's price movement during this volatile period. Rose Premium has set three progressive targets starting at $105,000 and reaching $120,000. The chart analysis suggests a bullish breakout, and breaking through near-term resistance zones is critical for Bitcoin's success. The analysis has generated optimism in the cryptocurrency community, but it remains to be seen if Bitcoin can maintain its momentum and reach the ambitious target of $120,000 despite price fluctuations.
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