Bitcoin Shows Potential for Continued Upside Toward $137,000 After Double Breakout

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.