Can Bitcoin break out of its effective correction range?
Bitcoin has been fluctuating around 119,000 today, but saw a breakout in the evening, reaching a high of 120,270.
Currently, Bitcoin's overall upward trend remains intact. Support below has held strong during the correction, making it difficult to break below. It's likely to break out of its effective correction range! We're bullish!
We suggest Bitcoin pulls back to around 119,500, with potential upside targets of 120,500/122,000, and a breakout of 123,000.
