In a financially charged scene filled with expectations, Bitcoin approaches a crucial psychological and technical barrier: 120,000 dollars. After the buy signal identified last week, the price began to move steadily towards this level, raising fundamental questions in the minds of traders and analysts:
Is this just a temporary pause? Or are we on the brink of an explosive wave towards 130,000?
📈 Technical analysis: the fifth wave is completing... but!
The wave structure is still intact. The fourth sub-wave has not overlapped with the first, reinforcing the hypothesis that we are in the heart of the fifth wave – which is often the last in the bullish trend cycle.
But here lies the danger: the fifth wave, despite its strength, often precedes a sharp correction. This means that entering at this stage requires strict risk management, especially as the price approaches a clear consolidation resistance zone.
🔍 What do we need to confirm the breakout?
- Strong close above 120,000 without retracement candles or consolidation bars
- A new candle quickly breaks the high of the previous candle with clear momentum
- Absence of weak closes – meaning the price must show a genuine intention to continue, not just a fleeting test
The blue rectangle on the chart represents a consolidation resistance area, where the price is likely to test. The question the market is asking now is:
Will Bitcoin be able to break this level without significant resistance? Or will it stall and begin to form reversal candles?
🌐 Economic context: the narrative creates reality
In the world of markets, the narrative is more important than reality. What determines value in the short term is not abstract data, but how the market envisions the future.
And with upcoming catalysts such as:
- Non-farm payroll data
- Consumer Price Index
- Upcoming Federal meetings
Any change in the narrative could ignite or extinguish the movement.
🛡️ Trading tips at this sensitive stage:
- If you are in a buy position based on the previous analysis, flexibility and patience are your strengths now
- Place a stop-loss order at the last two previous lows of the candle
- Do not enter with all your capital – the risk is high in the fifth wave
- Monitor the weekly close closely, as it is key to the upcoming decision
---
💬 Summary: strength is only achieved through strength
Bitcoin is still in an upward position, but the path to 130,000 is not guaranteed.
If 120,000 is breached with a strong close, we may witness a historic bullish wave.
And if the price fails to do so, a long corrective phase may begin.
The decision now is not just in the hands of analysis, but in the hands of the market itself.
📢 Follow #CryptoEmad for the latest technical analyses and golden opportunities in the crypto market!
