Bitcoin recently retraced from its peak of $124,000 down to $105,000, signalling a potential phase of seller exhaustion. A reversal from the current downtrend appears imminent. If the price breaks above the $112,000 resistance level with strong volume confirmation, it could trigger a bullish rally toward the $126,000–$150,000 range in the coming months.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.