Bitcoin Enters Pullback Phase Targeting $125,000 After Consolidation
Bitcoin is currently experiencing a pullback, indicating a temporary market cooldown after recent gains. This phase is seen as a natural correction rather than a sign of weakness, with potential for renewed upside momentum.
Key Points
- Bitcoin is expected to retrace to the $108,000–$110,000 range, identified as a key short-term support zone.
- This retracement could act as a reset, allowing momentum indicators to stabilize before a possible upward move.
- BeLaunch anticipates Bitcoin might rebound towards the $125,000 target region post-correction, continuing its macro uptrend.
- The conclusion of this corrective phase may precede a significant breakout, described as the "calm before the storm."
- Crypto VIP Signal highlights Bitcoin entering a cooling phase, with selling pressure testing lower levels and a trading range forming.
- Sideways movement is likely in the short term, with existing support and resistance levels remaining critical for gauging market sentiment.
The market's behavior around these levels is crucial, as a bounce from support could define the next upward push for Bitcoin. Investors should monitor these movements closely for strategic positioning.
