BTC/USDT: Bullish Breakout Targets $100,000.
Bitcoin has surged to $98,312 after breaking out of a bullish pennant pattern, signaling strong upward momentum. This classic pattern, formed during a consolidation phase, has paved the way for a sharp continuation of the prevailing uptrend.
The breakout shows that buyers are firmly in control, with the next immediate target being the psychological level of $100,000. If this level is cleared, BTC could extend its rally to $105,000.
For traders, pullbacks to support zones around $95,000 offer potential buying opportunities, with stop-loss levels set below $89,500. With strong momentum backing the move, Bitcoin looks poised to achieve new highs in this bullish phase.
The breakout shows that buyers are firmly in control, with the next immediate target being the psychological level of $100,000. If this level is cleared, BTC could extend its rally to $105,000.
For traders, pullbacks to support zones around $95,000 offer potential buying opportunities, with stop-loss levels set below $89,500. With strong momentum backing the move, Bitcoin looks poised to achieve new highs in this bullish phase.
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Related publications
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.