From the technical point of view, this is a breakout of an inverse head & shoulder pattern formed on the daily time frame, which itswhose target is around $144k-$150k, but I believe from here, that Bitcoin will first find its resistance point at $120k, a psychological point of resistance that some bears would want to take profits from. We had the first phase leg up from 7ak to $109k and its retracement level back to $74k, and the second leg usually goes up way far more than the first leg up. I'm predicting $120k as the next level thatat which the market will take a breath.

From the technical point of view, this is a breakout of an inverse head & shoulder pattern formed on the daily time frame, which its target is around $144k-$150k, but I believe from here, Bitcoin will first find its resistance point at $120k, a psychological point of resistance that some bears would want to take profits. We had the first phase leg up from 7ak to $109k and its retracement level back to $74k, and the second leg usually goes up way far more than the first leg up. I'm predicting $120k as the next level that the market will take a breath.