🚀 Bitcoin $BTC Eyes $150K? Key Levels to Watch for long term! ⚖️
Bitcoin's recent bounce is hitting resistance near a key downward trendline 📉 – showing sellers are still fighting to keep prices lower.
But here's the good news for bulls:
✅ The 20-day average price ($105,561) is creeping upward.
✅ The Relative Strength Index (RSI) is above neutral (50).
✅ This suggests buyers are gaining strength!
The BIG breakout to watch:
🔥 If Bitcoin pushes above that stubborn trendline, the bearish channel breaks!
📈 This could launch #BTC toward $114,000 – the neckline of a major bullish reversal pattern (inverse head and shoulders).
The REAL excitement?
💥 A solid close above $114,000 would confirm this pattern and open the path to a $150,492 target for long term. That's a potential surge of over 40%!
What could delay the rally?
⚠️ Sellers aim to drag the price below key moving averages.
➡️ If successful, $BTC might trade sideways within its current range a bit longer.
The bottom line: Bitcoin's next move hinges on breaking key resistance. A breakout could unleash massive upside potential! 🌟 Keep watching those levels!