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BTC

Bitcoin Eyes $131K After Clearing $124.5K — Bullish Breakout Brewing

I see Bitcoin poised for a bullish breakout after clearing key resistance near $124,474. The technical picture and momentum suggest a push toward my near-term target of about $131,617 in the coming weeks.

I expect the advance to be confirmed by sustained closes above $125,000 and rising volume; however, I would guard against false breakouts and manage risk with stops below recent support levels.

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Analysis

Technical momentum following a break above $124,474 supports a near-term rally toward $131,617, but confirmation via volume and sustained daily closes above $125,000 is important to avoid a false brea...

Recommendation

I recommend a buy on confirmed breakout and momentum above $125,000, or a disciplined buy on weakness closer to support with a clear stop-loss to manage downside risk.

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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