Bitcoin is gearing up for 120K and 140K

The flip zone has been reclaimed, but no proper pullback had occurred. The recent pullback came with a sweep of the all-time high (ATH), which has caused confusion and uncertainty among market participants.

In fact, this drop can be interpreted as a pullback to the flip zone, accompanied by an ATH hunt.

We expect the price, after touching the green zone and forming a base around this level, to move toward the targets of 120K and 140K — which we currently consider as Bitcoin’s final targets for this cycle.

A weekly candle close below the invalidation level would invalidate this analysis.

For risk management, please don't forget stop loss and capital management

When we reach the first target, save some profit and then change the stop to entry