Bitcoin has broken out of the triangle pattern in an upward direction and is now set for a retest. If the price is able to hold above this level, we could see a continuation of the upward movement. The first resistance level is at $120,000, and a break above this could propel us toward a new all-time high.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.