🚀 Bitcoin Breakout Incoming? Here’s What the Chart Says

📈 Trend Overview (Bullish Bias):

BTC recently broke above a resistance zone around $118,000–$120,000, suggesting fresh upside momentum.

Moving averages (50, 100, 200-Day) are aligned upward, indicating medium and long-term strength.

Technical analysis signals (on Investing.com) show a “Strong Buy” bias across daily to weekly timeframes.

⚠️ Caution Points (Possible Pullback Risks):

The next supply cluster / resistance lies in $122,000–$124,000. A stall or rejection here could trigger a retracement.

If support near $115,000–$117,000 fails, BTC could test lower support zones.

Overbought signals and short-term RSI / momentum exhaustion may lead to a minor correction before continuation.

🎯 Price Targets to Watch:

Bullish target zone: $124,000 → $130,000+

Support to hold: $115,000 → $117,000