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BTC

Bitcoin Could Reach $126,000 After Resistance Flip

I believe that a Power of 3 pattern points towards a target of $126,000 for Bitcoin, following a necessary leverage reset. However, for this bullish target to materialize, Bitcoin's price must first successfully turn its immediate resistance level into new support. This crucial technical development would signal a stronger bullish momentum and reinforce the likelihood of reaching that lofty target.
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AI Analysis

The current analysis indicates that Bitcoin's price is forming a Power of 3 pattern, which historically can signal strong bullish movements. The projected target of $126,000 depends heavily on Bitcoin...

AI Recommendation

Considering this analysis, I recommend closely monitoring Bitcoin's price action around the immediate resistance zone. Waiting for a clear breakout with high volume can provide more confidence in the ...

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.

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