Bitcoin Targets $131,617 After Breakout Above $124,474
I see clear bullish momentum as Bitcoin breaks the key resistance around $124,474 and eyes a run toward the $131,617 level in the coming weeks.
Technical indicators and the breakout above $125,000 suggest follow-through is possible, but I remain mindful of potential pullbacks and false breakouts without volume confirmation.
I will look for confirmed price and volume continuation above $125k before scaling in, and I recommend using position sizing and stop-losses to manage downside risk.
Analysis
Recommendation
I recommend buying on a confirmed breakout and/or scaling in on strength while using tight risk controls; avoid committing full size before volume confirms continuation.
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.