Bitcoin Primed For Massive Move To $131,000 If This Happens, Says Top Analyst
Main Idea
Bitcoin could potentially rally to $131,200 if it holds the key support level at $117,400, with a bull pennant pattern suggesting a possible breakout toward $140,000.
Key Points
1. Bitcoin needs to hold the key support level at $117,400 to potentially rally to $131,200.
2. A bull pennant pattern suggests Bitcoin could enter an explosive phase, targeting $140,000 if the breakout occurs.
3. Bitcoin recently surged to a record near $123,000 but has since consolidated around $116,787 to $117,400.
Description
Crypto analyst and trader Ali Martinez is highlighting a critical level that Bitcoin needs to hold to kick off a rally to a new all-time high, potentially. Additionally, the crypto’s breakout move out of a widely-tracked, classic technical setup suggests a potential price rally toward $140,000 levels. Bitcoin Could March Towards $131,200 Ali Martinez took
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