strong buy
Bitcoin Bullish Run Approaching $122K After Pattern Completion
The bullish trend of Bitcoin continues to gain momentum. According to recent analysis, BTC might increase to $122,000 after completing the AB=CD pattern. Currently, the cryptocurrency is trading at $109,747 and has retreated to a key re-accumulation zone. As long as Bitcoin remains above this zone, the market will likely sustain its bullish sentiment. Breaking through the resistance around $112,000 is necessary to confirm the next phase of growth. Keep an eye on the $112,000 resistance level, as it could pose a challenge before the upward trend proceeds.
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AI Analysis
The sentiment surrounding Bitcoin remains optimistic, driven by technical analysis indicating a potential move towards $122,000. The AB=CD pattern's completion suggests a strong bullish setup, with cu...
AI Recommendation
Given the positive technical setup and proximity to the key resistance at $112,000, it is advisable to prepare for an entry if Bitcoin manages to break and hold above this level. Confirming a breakout...
Disclaimer
The AI 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.