Bitcoin is trading in a tight consolidation near $120,000, forming a bullish flag with potential for a breakout toward $130,000 if momentum returns.
Technical Analysis
The value of the Bitcoin (Symbol: XBT or BTC) fluctuates constantly and Bitcoin technical analysis is required in order to know when to buy and sell this currency. Several online currency exchanges are available where one can exchange dollars and other currencies for Bitcoins. .
The traders at DailyForex monitor the Bitcoin markets on an ongoing basis and provide you with Bitcoin forecasts (Mostly XBT/USD) that show you how to profit from this unique currency. Watch the gyrations of the Bitcoin based on Bitcoin technical analysis, global availability and government regulation in the Bitcoin market analysis below.
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Bitcoin consolidates just under $120K as traders await the Fed’s interest rate guidance, with bulls targeting a move to $130K.
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Bitcoin continues to consolidate below the $120K resistance, with low summer volume from Wall Street ETF traders keeping momentum muted.
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Bitcoin dipped below $120,000 on Friday but remains within a bullish flag formation, suggesting a potential breakout toward $130,000 if momentum returns.
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Bitcoin remains firmly bullish, consolidating just under the $120,000 resistance with technical patterns suggesting a breakout toward $130,000 is likely.
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Bitcoin’s price consolidated in a range between $116,000 and $121,000 over the past week after hitting a record high above $123,000 on July 14, while altcoin Solana is really starting to heat up.
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Bitcoin continues to test the $120,000 resistance in a bullish flag pattern, with a breakout potentially propelling BTC toward $130,000 amid strong institutional support.
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Bitcoin continues to struggle with resistance at $120,000, forming multiple shooting stars, but remains bullish with support at $110,000 and upside potential to $130,000.
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Bitcoin remains range-bound below the $120,000 resistance as traders await a breakout, with strong support seen at $115K and $110K.
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Bitcoin pulled back sharply on Tuesday after breaching $120,000, with traders eyeing support at $115K–$110K as potential dip-buying zones in a bullish trend.
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Bitcoin (BTC) hit an all-time high of $123,000 on Bitstamp on Monday, entering uncharted waters as market participants awaited the US CPI print for June, expected to offer fresh signals on the Federal Reserve’s policy path.
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Bitcoin pulled back after an early rally on Monday, with traders now watching key support zones near $110K as potential reentry points for the next leg higher.
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Bitcoin continues its explosive rally toward $120,000 after clearing key resistance at $112,000, with momentum-driven buyers eyeing $125,000 next.
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Bitcoin price remained in a tight range on Wednesday, even after as spot ETFs crossed the important $50 billion inflow milestone
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Bitcoin remains range-bound below $110K, with bulls eyeing a breakout above $112K that could trigger a move toward $120K, as strong dip-buying persists.
Technical Analysis