Bitcoin has shown strong recovery from key support levels and reclaimed critical moving averages, suggesting renewed bullish momentum. Using the Golden Ratio Multiplier price model, expert Burak Kesmeci predicts a potential rise to $124,000, marking the end of Bitcoin's accumulation phase. Short-term resistance at $95,850 is crucial, with a breakout likely to drive prices towards $99,420 and beyond. Traders are advised to watch for volume confirmation to avoid false signals, while long-term indicators remain favorable for sustained price increases.
Continue to read Bitcoin Poised for a Major Breakout: Could $124,000 Be Next?
Bitcoin has shown strong recovery from key support levels and reclaimed critical moving averages, suggesting renewed bullish momentum. Using the Golden Ratio Multiplier price model, expert Burak Kesmeci predicts a potential rise to $124,000, marking the end of Bitcoin's accumulation phase. Short-term resistance at $95,850 is crucial, with a breakout likely to drive prices towards $99,420 and beyond. Traders are advised to watch for volume confirmation to avoid false signals, while long-term indicators remain favorable for sustained price increases.
Continue to read Bitcoin Poised for a Major Breakout: Could $124,000 Be Next?
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