According to the firm, the current consolidation is a healthy pause rather than a reversal. The critical resistance to watch […]
The post Bitcoin Enters Bull Flag Pattern as Analysts Eye Key Breakout Levels appeared first on Coindoo.
According to the firm, the current consolidation is a healthy pause rather than a reversal. The critical resistance to watch in the near term is around $121,100, marked by a key Fibonacci retracement. A breakout above that level could ignite another leg up.
On the downside, support is found near $113,600, which aligns with the 0.382 Fibonacci level.
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A retest of this zone would still fall within a normal corrective move. The firm emphasized that as long as BTC remains above $106,000, its medium-term bullish structure remains intact.
Should Bitcoin clear the $121K resistance, analysts say the next key targets lie at $129,600 and $133,800—levels tied to Fibonacci extensions that map out potential upside if bullish momentum continues.
The post Bitcoin Enters Bull Flag Pattern as Analysts Eye Key Breakout Levels appeared first on Coindoo.
Source: https://coindoo.com/market/bitcoin-enters-bull-flag-pattern-as-analysts-eye-key-breakout-levels/
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