CandleFocus Bitcoin’s Bull Pennant Signals a Massive Move: $140K in Sight?
2025-01-12
Author: Content Editor
Bitcoin's price is showing signs of a potential major breakout, as a bull pennant pattern is forming on the daily chart. Despite attempts by bears to take control, support at $91,000 has held strong. A breakout above $95,800 could lead Bitcoin towards $140,000, attracting the attention of traders. However, caution is advised as bearish indicators and resistance levels indicate a battle between bulls and bears. Bitcoin's moving averages present a mixed picture, but a breakout above $95,800 could signal the start of a rally. Traders should monitor volume for confirmation of a breakout.
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