strong buy
Bitcoin poised for $120K as strong bullish momentum persists
Bitcoin continues to maintain its bullish trend, sustaining crucial support at $106,500. The pattern of higher highs and higher lows persists, indicating strong upward momentum. There's a possibility of a breakout towards the $120,000 Fibonacci extension potentially occurring within the week.
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AI Analysis
The recent analysis indicates that Bitcoin is currently in a robust bullish phase, supported by the maintenance of its key support level at $106,500. The consistent pattern of higher highs and higher ...
AI Recommendation
Given the current technical setup, it is advisable to consider a bullish stance while remaining attentive to confirmation signals. Traders might look for opportunities to enter long positions on retra...
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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