CryptoPhoenix

The Bitcoin market has recently attracted follow again, with the price breaking through $120,000 followed by a brief pullback, currently fluctuating within the range of $108,000 to $109,000. Analysts generally believe that Bitcoin still has pump potential in the short term, with the next target price possibly being $130,000.
From a technical perspective, the 4-hour chart shows that Bitcoin is consolidating within a triangular structure. Although there have been multiple attempts to break through the resistance level of $109,600, the bulls have successfully defended the support level of $108,20
From a technical perspective, the 4-hour chart shows that Bitcoin is consolidating within a triangular structure. Although there have been multiple attempts to break through the resistance level of $109,600, the bulls have successfully defended the support level of $108,20
BTC-0.37%