Bitcoin's recent rise has exemplified structure-led trading. The breakout from a bull flag has led to a rapid price increase, with current targets at $130K.
Current Bitcoin Rise
Bitcoin demonstrated a strong rise after forming a bull flag at $106,000. After breaking this level, the price surged to $114K and then surpassed $118K. This growth was not accompanied by sharp pullbacks, underscoring the presence of solid momentum.
Market Sentiment and Conditions
Throughout the week, market sentiment remained neutral, contributing to the absence of panic and a stable leverage level. Despite some concerns and volatility in the market, Bitcoin did not revisit the CME gap at $92K. This established a solid foundation for continued growth.
Future Projections
The next short-term target is $122,500, with a mid-term outlook ranging from $120K to $130K. The current market conditions do not show signs of overheating, which bodes well for further progress.
Bitcoin's growth highlights the validity of traditional trading based on structural analyses. The current results are a reflection of clarity in market psychology and technical confirmation.
