Bitcoin Eyes $131K After Breakout Above $125K
I expect Bitcoin to push toward $131,617 after clearing the key resistance around $124,474. A decisive breakout above $125,000 should accelerate bullish momentum in the coming weeks.
Technicals support higher prices — momentum and structure are favoring buyers — but I want to see sustained volume and a successful retest of the breakout level before adding size.
If volume fades or macro risk spikes, the breakout could fail and price may revert to prior support, so I will manage position size and use a clear stop.
Analysis
Recommendation
I would buy on a confirmed breakout or on a disciplined retest near the breakout zone, size positions conservatively, and place stops below the retest to limit downside from a failed breakout.
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.