🚨 $BTC to $124,565? One weekly level could determine the next move.
The falling wedge broke upward. Now, after bouncing, $BTC is testing the horizontal $80,788 level.
This is where the bullish setup needs to prove itself.
If we hold this level on a weekly closing basis, $97,776 becomes the next key resistance to watch.
Clear it, and the chart opens up toward $109,101, then $124,565—around 53% above the current price.
But the yellow path includes pullbacks along the way. This is a bullish scenario, not a promise of a straight-line move.
Losing $80,788 would weaken the immediate recovery setup.
Will this repeated test trigger the next leg, or send $BTC back below support?
The falling wedge broke upward. Now, after bouncing, $BTC is testing the horizontal $80,788 level.
This is where the bullish setup needs to prove itself.
If we hold this level on a weekly closing basis, $97,776 becomes the next key resistance to watch.
Clear it, and the chart opens up toward $109,101, then $124,565—around 53% above the current price.
But the yellow path includes pullbacks along the way. This is a bullish scenario, not a promise of a straight-line move.
Losing $80,788 would weaken the immediate recovery setup.
Will this repeated test trigger the next leg, or send $BTC back below support?