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BTC

Bitcoin Breakout Target: $131,617 After $125k Resistance Break

I see Bitcoin gearing for a bullish breakout after clearing the key resistance around $124,474. A confirmed close above $125,000 should open a run toward $131,617 in the coming weeks.

Technical indicators and momentum currently favor buyers, but the move requires follow-through volume and a clean retest of the broken resistance to be sustainable.

I will watch for a validated breakout to add or scale into positions while keeping stops below recent support to manage downside risk.

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Analysis

Break above $124,474 shifts near-term structure bullish; the measured move points to $131,617, but success hinges on follow-through volume and holding above $125k on pullbacks—failure to hold invites ...

Recommendation

Buy on a confirmed close above $125,000 or scale in on a break-and-retest, target $131,617, and use a protective stop below recent support to limit downside.

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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