Bitcoin confirms bullish inverse head and shoulders breakout, target price aimed at $144,000!
Bitcoin recently broke through a key inverse head and shoulders pattern, marking a significant bullish reversal, with targets potentially soaring to $144,000!
Key support level confirmed: Bitcoin's support around $112,000 has been confirmed, with strong interest from institutions and swing traders, further driving upward momentum. This breakout indicates a strong change in market sentiment, with buying power rebounding vigorously!
Titan of Crypto points out: This neckline breakout is a strong confirmation of the market's bullish sentiment, indicating that Bitcoin has completed its reversal and entered a new upward cycle.
Re-testing the support level could trigger a rebound: The market may consolidate around $112,000, and after solidifying support, it could welcome the next wave of upward movement, with targets potentially aimed directly at $144,000.
Market outlook: Current trends show that Bitcoin is expected to continue rising, with institutional investors and retail traders closely monitoring this technical breakout, and the trend remains bullish!
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