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🚀 Are we witnessing the birth of a new wave leading us towards $180,000?
Will the market return to test the bottom of $96,000?!
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📌 Current reality:
Bitcoin has reached the historical resistance level near $120,000, and it is now at a critical moment...
↶ Either a decisive breakout opens the doors to glory, or a failure leads to testing new lows!
❶ Bullish scenario | Towards $180,000
The main condition: A strong weekly candle close above $120,000 with clear buying momentum.
Positive signs:
✔️ Price holding above resistance.
✔️ Improvement in RSI and MACD indicators.
✔️ Liquidity supports the breakout.
Potential target:
✴️ $138,000
✴️ $160,000
✴️ $180,000 in the medium term.
❷ Bearish scenario | Return for testing
If the price fails to break the current resistance:
⚠️ Potential decline to:
➤ $102,000 - $101,000
➤ Then $96,000 if selling pressure increases.
Negative signs:
❌ Weakness in buying momentum
❌ MACD below zero
❌ RSI at 32.02 (Caution sell pressure signal)
📊 Key technical indicators now:
BOLLINGER BAND: Price at the upper range 112,007.89
RSI(6): 32.02
MACD: -27.61
🎯 Maestro's trading tips for golden trading:
Only enter overbought territory after confirmation.
Don’t chase peaks, but watch for retracements.
Always plan to stop your losses before your gains.
✨ Maestro's summary:
Bitcoin is now in an invaluable moment!
If it confirms its strength above $120,000, the sky is the limit.
And if it declines, be prepared for tests below $102,000...
Be prepared for both directions, and manage your capital wisely.
