Bitcoin Shows Potential for Continued Upside Toward $137,000 After Double Breakout
2025-07-15 19:31:34
Main Idea
Bitcoin's double breakout from a bull pennant and key resistance level signals bullish momentum, with a projected target near $137,000.
Key Points
1. Bitcoin's price shows bullish momentum after breaking out from a bull pennant pattern and reclaiming the $120,700 resistance level.
2. The next major price target for Bitcoin is approximately $137,000, based on technical projections.
3. Maintaining support above $120,700 is crucial for sustained upward movement toward the $137,000 target.
4. Bitcoin's recent price surge and technical patterns indicate a potential smooth upward trajectory.
5. The article also mentions unrelated news about Indonesia purchasing Boeing jets and other cryptocurrency updates, which are not directly related to Bitcoin's price analysis.
Description
Bitcoin has confirmed a significant double breakout, signaling strong bullish momentum and positioning the cryptocurrency for a potential surge toward $137,000. The breakout from a bull pennant pattern combined with
Latest News
- Trend Research Dumps 22,289 ETH Worth $68.55M to Binance Amid Leverage Reduction2025-07-16 02:03:22
- MicroStrategy’s Bitcoin Holdings Reach 3% of Circulating Supply, Signaling Potential Institutional Impact2025-07-16 01:51:34
- LQWD Technologies to Raise $10 Million for Accelerated Bitcoin Accumulation2025-07-16 01:50:43
- South Korean Company Bitmax Boosts Bitcoin Holdings by 51.06 BTC, Surpasses 400 BTC Total2025-07-16 01:39:06
- LQWD Technologies Aims to Raise $10 Million to Accelerate Bitcoin Accumulation2025-07-16 01:37:33