Bitcoin holders have faced a tough market in recent months, but the longer-term outlook offers hope. The price appears to be forming bullish patterns like a cup and handle or an inverse head and shoulders. A break of the trend line at $74,000 could trigger a surge toward $127,000.
In the short term, Bitcoin is stuck in a bull flag. To push higher, the price needs to break above $66,670 or $69,293. These levels are crucial, as breaking them may ignite the larger cup and handle breakout, signaling a strong upward move.
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