Bitcoin Climbs Toward Record Highs, setting Sights on $135K
Bitcoin (BTC) is steadily advancing on its daily chart, surpassing several crucial resistance levels.it’s eyeing the ultimate threshold: the all-time high, with prospects of testing $135,000.
Anticipation builds as BTC meets its channel’s upper boundary, where it may face a pivotal decision point. Historically, Bitcoin frequently enough pauses or retreats upon hitting such zones, hinting at a possible consolidation phase.
- $119K is vital for sustaining the bullish rally
- Channel high near $135K defines immediate target
- Potential rejection could reset to $100K
From a technical angle, Bitcoin’s price is nearing the $135,000 mark, marking the apex of its trading channel. Breaking past these levels has paved a clear route toward the all-time high. Yet, this zone might present a challenge, possibly halting further growth.
A drop from this region wouldn’t necessarily undermine the overall bullish trend. Rather,it could initiate a pullback towards the firm $100,000 support,forming a broader consolidation pattern.
The cornerstone of this bullish leg remains $119,000. should this level break, it might signal a deeper correction, casting doubts on the ongoing uptrend.
Near-term forecasts project further upside momentum until BTC confronts the high resistance. Investors should monitor for any shifts in buying strength as it approaches this critical zone. An enduring push here could lead to accelerated gains, whereas a pullback confirms range trading.
