Bitcoin is gearing up for 120K and 140K (1D)

22 Haz

The flip zone has been reclaimed, but no proper pullback had occurred. The recent pullback came with a sweep of the all-time high (ATH), which has caused confusion and uncertainty among market participants.

In fact, this drop can be interpreted as a pullback to the flip zone, accompanied by an ATH hunt.

We expect the price, after touching the green zone and forming a base around this level, to move toward the targets of 120K and 140K — which we currently consider as Bitcoin’s final targets for this cycle.

A weekly candle close below the invalidation level would invalidate this analysis.

For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You

26 Haz

İşlem aktif

We had identified two support zones for Bitcoin, and it retraced upward from the smaller green box | especially after the ceasefire was announced in the conflict between Iran and Israel.

We’ve marked a small red box from which we expect downward rejections on the lower timeframes.

We will soon update the Bitcoin analysis in a multi-timeframe view.