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BTC

Bitcoin price trajectory: trend break setup targets 114.8k with a bullish breakout

I think BTC can move up to 114.8k from here. The trend break suggests at least a retest is in play, and I’ll reassess after that.

If BTC breaks decisively and closes a candle above the key level, I plan to enter a long position. That setup would confirm continuation, aligning with my bullish thesis on Bitcoin and BTC price action.

In my view, the next phase hinges on a genuine breakout and a confirming close, which would sustain the upside potential for BTC against USD and reinforce a positive trajectory for the cryptocurrency market near-term.

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Analysis

The opinion centers on a trend-break scenario where Bitcoin projects a rally toward 114.8k. The emphasis on a retest implies a classic pullback to validate support before resuming the uptrend, which i...

Recommendation

Option A (bullish bias): Watch for a decisive break and a subsequent bullish candle close; enter long on confirmation with a stop below the retest level and a clear price target near 114.8k to manage ...

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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