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by: xpoolPosted on: May 11, 2025

Bitcoin’s Rising Wedge Points Towards $120K Breakout

Bitcoin continues its upward trajectory, showing signs of a potential breakout towards the $120,000 mark. Analysis reveals that Bitcoin is currently forming a rising wedge pattern on the weekly chart, hinting at a strong bullish momentum. This is supported by the 50-week moving average acting as a key support level during April.

Related posts:

  1. Bitcoin Breaks Above $100K: Is a New All-Time High in Sight?
  2. Bitcoin Wallet Growth Sparks New Market Momentum
  3. Bitcoin Price Targeting $160K: Is a Parabolic Rise in the Horizon?
  4. Bitcoin Surges Past $104K as New Wallets Rise
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