#ShareYourThoughtOnBTC
Bitcoin Candlestick Insight
Title:
BTC Eyes All-Time High: Will the Bull Flag Unfold or Will Inflation Freeze the Rally?
Bitcoin’s on the edge of history. It’s currently holding near $123,000, not far from its record high. A bull flag pattern is forming—retesting the breakout zone from earlier moves. If BTC breaks out cleanly above $123K, the path to around $128K looks promising.
But caution is warranted. Recent U.S. inflation data showed core CPI at 3.1% YoY, higher than the Fed's 2% target. That may delay interest rate cuts and dent risk appetite. BTC has already seen a minor pullback to the low $119K range upon that release.
Bullish trigger: Clear break and daily close above $123K on strong volume could reignite the rally.
• Bearish warning: A slide below $119K may indicate the bull flag fails, potentially dragging price back toward $115–110K support.
Conclusion:
Bitcoin stands at a pivotal moment. A breakout could fuel the next leg up—but inflation risks still loom. Monitor volume and closing price at key levels before making bold moves.
