THIS BITCOIN BREAKOUT WILL PRINT MILLIONAIRES

Bitcoin Analysis

The analyst is bullish on Bitcoin, expecting it to reach $130,000.

Key Points

• Bitcoin is forming a bullish pennant or falling wedge pattern
• The analyst has entered a long position with a tight stop loss
• A bullish divergence has formed, which is a healthy sign for Bitcoin
• The target price of $130,000 is supported by two patterns: a bull flag and a big cup and handle

Possible Scenarios

• Bitcoin may retest the resistance level and then break out
• A correction may occur before the breakout
• The analyst believes that Bitcoin will not break the support level

Timeline

• The analyst expects Bitcoin to reach $130,000 in approximately 3 months (January-February-March 2025)
• The price could potentially be higher, around $170-180,000

Recommendation

• The analyst recommends opening long positions with tight stop losses
• They also recommend using specific exchanges, including ByBit, Coinslair, and big Unix