Bitcoin 'blow-off top' set at $128K with new all-time highs in sight

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Coin Telegraph 14h ago

Bitcoin 'blow-off top' set at $128K with new all-time highs in sight - Coin Telegraph

Quick Summary:

In fact the further the 21-Day MA (green) gets from $100k, the less likely we are to get the support test I’ve been looking for,” he concluded. “Whether BTC retests $100k or not, I’m happy to see consolidation in this range before the next leg up.”BTC/USD 1-day chart.

BTC price support test now “less likely”Bitcoin continues to coil below what is now its most significant psychological resistance barrier, January’s all-time highs.BTC/USD 1-day chart.

Elsewhere, trader Merlijn agreed with $116,000 as the next short-term BTC price target, seeing BTC/USD “exploding” out of a consolidation pennant. MASSIVE BULLISH BITCOIN PENNANT BREAKOUT! $BTC coiled for days now it’s exploding.