The Key Divergence Propelling Bitcoin to $126K
2025-01-21
Category: None


Bitcoin is displaying strong bullish momentum, staying above the  EMA Ribbon , which is trending upward and providing dynamic support. The price has successfully broken the  descending trendline , signaling a bullish shift in market sentiment.

A notable  divergence  between the price and the  TSI (True Strength Index)  was observed, where the TSI was descending while the price remained in a range. This divergence indicates that bulls were in control despite the consolidation phase. Following this, the  TSI  made a bullish crossover above the 0 level, further confirming upward momentum.

The  Signal Builder  indicator aligns with this analysis, supporting the bullish trend with consecutive buy signals.

 Targets :
-  TP1:  $112,000 – Based on the 100% Fibonacci extension of the previous impulse.
-  TP2:  $126,000 – Aligned with the 1.618 Fibonacci extension, marking a potential continuation target.

As long as Bitcoin stays above the EMA Ribbon and maintains its bullish structure, these targets remain valid. A breakdown below key support levels could signal a need for further consolidation before attempting another rally.

👨🏻‍💻💭  Do you think BTC will hit $126K soon? Share your thoughts below! 
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