Bitcoin's bullish bounce is gaining momentum! ๐ With a strong rebound above $114,000 and higher lows forming, the stage is set for a potential rally. Key levels to watch :
- Resistance: $114,800
- Support: $112,650
Trade Setup:
- Entry Zone: $114,000 - $114,300
- Stop Loss: $113,200
- Targets:
- TP1: $115,600
- TP2: $116,800
- TP3: $118,000
A breakout above $114,800 with strong volume could ignite the next bullish leg. According to predictions, Bitcoin's price could reach [2]:
- $200,000 by the end of 2024
- $500,000 by 2025 or 2026
- $1 million in the long term, potentially by the mid-2030s
What's your take on Bitcoin's current price action? Will it break through the $114,800 resistance and reach new highs?