Is Bitcoin on the verge of a breakout? This breakthrough could ignite 124,000!

The current price structure tells us two words: Strong Momentum!

Although the sideways consolidation has made some people feel 'bored', in reality, this is a form of energy accumulation - no one dares to sell during a downturn, and we are just a step away from an upward move.

Key support area:

As long as we hold the 'golden zone' of 101,500 ~ 100,000 USD, the structure dominated by the captain is still intact. This is a typical area of chip accumulation + emotional buffer zone, and the bulls are not leaving.

Ignition point: 112,000!

Once this point is ignited and broken, the short-term target will aim directly at 124,600, which is the previous high, where historical selling pressure is strong; breaking through here means entering the blue sky free flight zone.

Keep an eye on the opposite scenario:

If the big coin unexpectedly falls below 94,000 USD, especially if the daily closing drops below the 50-day moving average, it may trigger a deeper pullback, with the 0.5 Fib level of 89,554 surfacing as the next psychological support for the market.

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