Bitcoin Eyes $114K Before Major Breakout

Bitcoin stays bullish with targets of $120K–$130K. First key resistance lies at $114K before possible retracement or breakout.

  • Bitcoin remains in a strong bullish trend.
  • First major resistance level identified at $114,000.
  • Price may either surge past $120K or correct to $93K CME gap.

Bitcoin is holding its bullish momentum, and analysts are maintaining their long-term target of $120,000 to $130,000. The current focus is on a short-term resistance level at $114,000, a crucial checkpoint for the next major move.

What Happens After $114K?

Reaching $114,000 could serve as a turning point. If Bitcoin sustains its rally past this resistance, it could quickly approach the $120,000 region, continuing its bullish trend. However, if the resistance proves too strong, traders may witness a sharp pullback.

A likely retracement could take Bitcoin down to fill the CME gap near $93,000—a common technical occurrence in crypto markets. These gaps, which form on the Chicago Mercantile Exchange when prices move sharply over the weekend, are often revisited by the market.

Traders Remain Cautiously Optimistic

Despite the bullish outlook, market participants remain cautious. A breakout past $114,000 will likely confirm strength, but failure to break this level could indicate short-term weakness. Either way, Bitcoin’s long-term trajectory still points upward, especially if macroeconomic and institutional support continues to grow.

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Disclaimer: The content on CoinoMedia is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency investments carry risks, and readers should conduct their own research before making any decisions. CoinoMedia is not responsible for any losses or actions taken based on the information provided.

Ava Nakamura

Ava Nakamura is a seasoned crypto journalist and blockchain enthusiast who has been covering digital assets since 2017. With a sharp eye for market trends and a passion for decentralization, Ava breaks down complex crypto topics into engaging stories. She covers Bitcoin, altcoins, DeFi, and everything in between — aiming to empower readers through knowledge.

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