Bitcoin is gearing up for a rally. 120K target 
2025-01-26
Category: None

Bitcoin after the false breakout of resistance, which is associated with Trump's inauguration did not fall, but only consolidates near resistance. And this, I believe, is a very good sign that the price may continue its trend after exiting the triangle. 

Scenario: Since after the strong growth and after the false breakout there is no fall and consolidation is formed, we can expect the continuation of the growth because I also point out a few more things:
- strong trend on senior timeframes
- locally the price does not update the minimums
- resistance retest is formed
- consolidation on the background of the uptrend. 

Correspondingly: a break of the triangle resistance may increase buying interest, which may lead to another rally to ATH and even update it to 120K.
