Coin Name: #BITCOIN
Position: LONG🚀
Bitcoin is currently in an accumulation phase 📊, consolidating between a support zone at $102,000 🛡️ and a resistance zone of $106,000–$107,500 🚧. The $102,000 level is acting as a strong support, while the resistance is proving to be a significant hurdle. Historically, Bitcoin’s all-time high stands at $109,600 🚀. If BTC manages to break the resistance zone with strong volume and momentum 📈, there’s potential for it to surge towards a new high in the range of $113,000–$115,000 🌟. This prediction applies to the current time frame and reflects the bullish sentiment in the market. 💪
I can see this chart shows a symmetrical triangle 📐, indicating potential price consolidation 📊. The resistance zone 🚫 (red) and support zone ✅ (green) define key levels. Price may break upwards ⬆️ toward the higher resistance zone 🟦 or fall downward ⬇️ to test support 🟩. Arrows highlight possible breakout or pullback scenarios 📈📉. Traders watch for a breakout beyond the triangle 📏 for bullish or bearish momentum 🚀📉. Symmetrical triangles often signify upcoming volatility ⚡, so patience is key 🕰️.
ENTRY PRICE: 102,500$ or Market Price
Targets:
1st TP 106,000$
2nd TP 109,000$
3rd TP 113,000$
📌 Special Note:
⚠️ Use only 1% of your portfolio 💼 to manage risks effectively. Avoid high leverage 🚫 and proceed cautiously to mitigate potential losses 📉. Always prioritize risk management ✅.
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