Consequential | Arichain
@luhgeek12
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Bitcoin Eyes $123K Breakout—Is an Explosion Incoming?
Bitcoin is trying to break $120,000. BTC is stabilizing and may rise steadily toward $125,000.
Bitcoin rose again from $115,800.
The price is over $119,000 and the 100-hour SMA.
BTC/USD broke over a negative trend line with resistance around $119,000 on the hourly chart.
If it breaks $120,500 barrier, the pair may rise again.
Bitcoin Price Sees Uptrend
Bitcoin price corrected from $123,200, its new high. BTC touched $115,500 as it fell below $120,000.
The price is trying to rise from $115,730, its low. Bulls pushed the price beyond $118,000 and $118,500 barrier. Price moved beyond the 50% Fib retracement line of the $123,140 swing high to $115,730 low.
BTC/USD broke over a negative trend line with resistance around $119,000 on the hourly chart. Bitcoin is over $119,500 and the 100-hour SMA. 2 replies
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