Bitcoin Eyes Breakout Above Neckline Toward $140K đź§
Bitcoin charts show a potential breakout above the neckline — could we be headed to $140K+ soon? Insights ahead!
- Bitcoin may soon break above a key neckline resistance.
- A measured move projects a rally toward the $140K+ range.
- Close monitoring needed: breakout confirmation and volume vital.
Bitcoin has formed what appears to be a bullish pattern, with price action testing a critical neckline level. This setup often precedes a powerful breakout, and traders are watching closely for a decisive move above this resistance.
Measured Move Targets $140,000s
If Bitcoin breaks convincingly above the neckline, technical analysis suggests the next upside target could land in the $140,000s. The measured move is calculated by the height of the pattern added to the breakout point—an aggressive but plausible projection.
What Traders Should Watch
Market Sentiment: News, macro triggers, and crypto inflows could accelerate the push or cause pullback.
Volume: A strong breakout needs high trading volume to validate the move.
Retest: Watch if price retests the neckline after breaking out—that’s a confirmation sign.
Trading Scenario Summary
- Breakout above neckline – triggers buy signals.
- Retest and hold – increases breakout reliability.
- Rally toward $140K+ – based on measured move theory.
Traders should stay alert for a confirmed breakout candle and trail stops below the retest level to manage risk effectively.
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