🚨 Bitcoin Technical Update 🚨
Bitcoin is consolidating around $125,200 after a strong breakout from $118K, holding its bullish momentum within an ascending channel.
🔹 The Bearish Butterfly pattern is approaching the Potential Reversal Zone (PRZ) at $128K–$130K.
🔹 RSI near 70 shows mild overbought conditions, but trend strength is confirmed by price action above the 50 & 100 SMAs.
🔹 If BTC holds above $124,600, another push toward $130K looks likely.
🔹 A breakout above $130K could invalidate the pattern and open the door to $160K in the coming months.
🔹 On the downside, a drop below $121,100 may trigger a retest of $118,500.
✅ Summary: The structure remains bullish, but traders should watch the $128K–$130K PRZ closely — it’s the key battle zone before BTC’s next major move.
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