5 signs that Bitcoin's bullish trend is about to return

The "Power of 3" pattern suggests a target of USD 126,000 for Bitcoin after a leverage reset, but the price of BTC must first convert its immediate resistance level into new support.$BTC

Bitcoin's "Power of 3" pattern shows accumulation, manipulation, and a possible distribution phase with a target of USD 126,000.

A liquidation worth USD 922 million triggered a significant readjustment in leveraged positions, increasing the chances for a market recovery.

Key levels around USD 115,300 and USD 116,800 must be surpassed, with USD 120,000 acting as a strong magnet for prices.

Bitcoin

BTC

€98,556

dropped to USD 112,000 over the weekend, but despite an unstable start in August, Bitcoin's recent correction may have paved the way for a quick recovery.