"Bitcoin's Bull Run: Aiming for New Heights Beyond $120,000!"

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Bitcoin has been observed to rise towards the 112,000 level, resulting in the achievement of a new all-time price high.

The price action in the short-term suggests that the upside is far from being completed, indicating that Bitcoin is just starting to get warmed up.

According to the chart analysis, it is suggested that Bitcoin will probably reach 120,000 plus, and likely soon.

Following that, significant levels to watch, as indicated by the liquidation data reviewed, point to a potential run at 130,000 to 140,000.

This movement would aim to clear out the 5 and 10 x leveraged shorts. The 3 x leveraged shorts are not expected to perform well either, although their stops extend above 140,000.

The moves in the bond market are making Bitcoin appear attractive.

This is also evidenced by the underperformance of altcoins relative to Bitcoin.

Although altcoins are rising today, it is suspected that they will need to play catch-up soon, as they may be perceived as attractively priced or undervalued.

Indicators are showing that conditions could not be better for Bitcoin, for a variety of reasons.

Atlas has dropped by ten points, and the gentle descent that was hoped for towards the Green zone is only 2 points away.

The weekly buy signal, which is often mentioned, is more than compensating for lost time.

A new short-term buy signal for Bitcoin was issued yesterday.

If everything goes as planned, it is intended for the signal to run to 120,000 plus.

In an ideal scenario, a buy into the fourth wave correction will be executed for the next signal if this works out.

A reasonable hunch about where it will land exists, but thoughts will be kept to oneself today, focusing on 120,000 plus.

Short-Term: Long

The timing is considered not bad at all, and things are working out well.

Long: 106,900 USD
Stop Loss: 102,700 USD
Target: 120,000 USD

Medium-Term: Long

This trade is viewed as very good, with not much more to be said.

Long: 82,000 USD
Stop Loss: 82,000 USD
Target: 150,000 USD

Long-Term: Long

It is believed that if the cycle plays out to its full extent, Bitcoin could achieve 230,000. The target will be adjusted if market conditions warrant it. It is believed that the price of Bitcoin should not drop below 72,000, or a crash is likely. The stop loss is set slightly wider just in case a final stop hunt occurs.

Long: 79,000 USD
Stop Loss: 65,000 USD
Target: 180,000 USD

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