Bitcoin Breakout Dey Aim $141K After Head-and-Shoulders
Bitcoin breakout dey face kpokwuru resistance waka near $109,000–$111,250 zone after e don form six-month head-and-shoulders continuation pattern for weekly chart. To get strong weekly close wey pass $109,000 neckline wit big volume na im go confirm the breakout and target to reach projected $141,300. Invalid levels dey for $101,500 for weekly closes or if e drop more go under $91,200. Traders suppose dey watch make e no pull back to $98,270 range low if breakout no work. The head-and-shoulders setup and volume levels go decide whether Bitcoin fit break from $98K–$111K range go new high or e go still stay for range.
Bullish
Both summaries dey highlight one classic head-and-shoulders continuation pattern plus critical resistance wey dey near $109,000–$111,250. Di weekly chart setup plus di strong volume requirement dey suggest say if Bitcoin fit close sharply above di neckline for one week, e fit breakout wella go meet di $141,300 target. Dis projection dey supported by di inverse head-and-shoulders bottom wey happen before and di rallies wey follow after. But traders gats watch out for invalidation levels at $101,500 and $91,200, because if dem break am fit cause small short-term pullback go low as $98,270 range. Overall, di technical setup dey favor bullish outlook, and breakout confirmation get serious long-term upside. If e no fit pass resistance, e fit just make price move side to side for short term.