$BTC ignites: Bullish breakout puts focus on $124,000
BTC is trading at $115,250 (+2.62%) after breaking out of a descending channel in a strong move confirming a clear bullish reversal.
What we are watching:
- Holding above $115,000 strengthens momentum
- Moving averages (EMA 70 and EMA 200) are crossing upwards
- Resistance at $116,000 is turning into a launch zone towards $124,449 – $124,484
Potential trade setup:
• Entry zone: $115,260 – $115,600
• Targets: $124,000+
• Stop loss: below $113,600
Note: Any breakout above EMA 200 with volume confirmation may open the door for a strong upward wave.
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