Bitcoin Breakout Setup | Monthly Target $130K, Eyeing $149K

6 thg 7

Bitcoin is forming a strong ascending triangle pattern, approaching a key horizontal resistance zone near $112,000, as marked by “Breakout Entry / Resistance” on the chart.

The price structure shows higher lows converging under a flat top, which indicates potential energy build-up for a major breakout. The setup suggests strong bullish momentum if the breakout confirms with volume.

Key Levels & Targets:

Breakout Level: $112,000

Target 1: $115,727

Target 2: $123,517

Monthly Target: $130,639

Extended Targets (2–3 Month Outlook): $135,224 → $149,579

Support Zones to Watch:

$108,011 → $104,880 (ascending trendline)

$103,958 → $100,482 (critical support)

Breakdown invalidation: Below $97,761 could trigger deeper downside

Trade Plan:

Entry Zone: On breakout above $112,000

Stop Loss: Below $104,880 (aggressive), or $103,246 (safe)

Target Path: $115K → $123K → $130K → $149K

Pattern: Ascending Triangle Breakout

Risk-Reward: High reward with well-defined risk control

Bitcoin’s trend is aligning with strong demand and pattern continuation signals, supported by breakout volume zones and long-term Fibonacci levels. This may be the start of a major leg higher if resistance is flipped to support.

Disclaimer:
This chart is for educational purposes only. Please consult your financial advisor and apply proper risk management before entering or exiting trades.

16 thg 7

Ghi chú

SUBSCRIBE to @TheBreakoutAnalyst on YOUTUBE– your ultimate destination for sharp, real-time stock market insights! 📈 On this channel, we break down powerful breakout setups, provide BTST/STBT ideas, and deliver intraday trading strategies with clear technical analysis. Whether you're a beginner or a seasoned trader, @TheBreakoutAnalyst helps you stay ahead with actionable charts, timely updates, and no-fluff market breakdowns. Subscribe now and trade smarter every day! 💹