125k $BTC IMMINENT! 🚨 True Or False? 👇
Bitcoin is moving closer to its ATH of $93,450, showing a strong momentum with a 11% increase over the past week and a 30% rise on the month. Currently, there are many traders predicting a potential surge to $125,000 with bullish patterns (daily pennant) on the chart signaling continued growth. For who may doesn't know, this pattern is often associated with strong upward moves that suggests a 40% increase from its current levels if a breakout may occurs. So, is 125k ahead for real?
In my opinion, Bitcoin has found support from its ascending trendline and key moving averages, including the EMA 50 and EMA 100. A decisive breakout above $93,450 could mark a new uncharted phase of price. I see 100k as more probable in the near-term due to its psychological importance, closer proximity to current prices and expected resistance at this milestone. 125k is attainable but it will require a stronger momentum and additional time!
Do You Believe BTC Will Break Out This Week? 🤔 Let Me Know in comments!
STAY TUNED! 🔥 & Remember, Your Support Is MASSIVELY Appreciated!👍💪 Also Don't Forget To Share It To Your Buddy! 🎅 - DYOR 🙏 NFA.🤝