🚀 Bitcoin ($BTC ) Market Update

Current Price Action: Bitcoin is inches away from breaking its all-time high of $123,215. Trend remains strongly bullish.

📊 Key Upside Targets:

$123,625 — Next resistance & Fibonacci cluster.

$127,436 — Higher resistance level.

$130,000 — Long-watched bull market target zone.

$149,000 — 100% Fibonacci extension from April low (stretch target).

🛡 Key Supports:

Major Bullish Line in the Sand: $112,000 — Must hold to keep current wave count valid.

CME Gap: $116,000–$119,000 (possible magnet zone if pullback occurs).

📈 Scenarios in Play:

White Scenario: Diagonal pattern from August 2 low. Current ABC in wave 3 → pullback (wave 4) → push to ~$130K.

Yellow Scenario: Leading diagonal completing wave 1 of 5 → corrective wave 2 pullback → further upside continuation.

⚠️ Risk Note:

Break of micro support on short timeframes (1H/30M) is not a bear market signal, only a pullback warning.

Only confirmed breakdowns below major supports would hint at a cycle top.