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BTC

Bitcoin Eyes $131K After Breakout Above $124.5K

I believe Bitcoin is setting up for a bullish run after clearing the key resistance near $124,474, with technicals pointing toward a push to about $131,617 in the coming weeks.

I'll watch for volume-backed closes above $125,000 as confirmation; if momentum holds I'll size positions gradually and keep disciplined stops because volatility can reverse gains quickly.

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Analysis

Breakout above $124,474 removes a key supply zone and aligns with bullish momentum indicators, supporting a near-term target around $131,617. Confirmation via sustained higher closes and rising volume...

Recommendation

Buy on confirmed breakout above $125,000 or scale in on controlled dips, with stop-losses under recent support levels and position sizing to manage volatility.

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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