Bitcoin $BTC Trade Update – Targeting $125K
Current trend: Bitcoin $BTC is showing strong upward momentum, ideal for buying dips.
Entry zone: $120,200 – $121,000 (buy on retracements for better risk-reward).
Stop loss: $118,500 (placed below recent swing low to allow price movement).
Key support levels: $120,000 and $118,500 (watch for bounces from these zones).
Resistance levels: $121,500 and $123,000 (short-term barriers to watch).
Pivot level: $120,800 (a key level to determine near-term direction).
Take profit targets:
TP1: $122,000 – minor resistance
TP2: $123,000 – psychological level
TP3: $125,000 – major breakout target
Pro tip: A strong move above $121,500 with volume may trigger a quick rally.
Risk management: Trail stop-loss as price moves up and adjusts position size for volatility.
Market sentiment: Overall bullish structure with higher highs and strong support zones.