Bitcoin Eyes $160K — Needs Hold at $119K and Break of $126K
I think Bitcoin may be preparing for a run toward $160,000 — Rekt Capital points to that target if BTC can hold support near $119,000 and clear resistance around $126,000.
The technical picture is broadly bullish and historical price behavior supports an uptrend, but short-term pullbacks remain possible and the current cycle has unique risks.
I’ll wait for clear confirmation (hold above $119k and a decisive break of $126k) before increasing exposure; until then I’m watching price action closely and managing risk.
Analysis
Recommendation
Watch for the support at $119k to hold and for a decisive break above $126k before committing new capital; consider buying on confirmed weakness near support and use tight risk controls.
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.