Pitcoin price to return to $ 130,000 after the support of the cup and support

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Bitcoin Pricing Activity is caught in a a tight field between $ 84,000 recently, with bulls, with a bull struggling to push up. There is a general market gap like one of a The nature of fitAnd the hope of righes' work is over 90,000 starting the bad. However, a new analysis indicates that Bitcoin could be due to the fact that a price action shows that the Cryptoccercy could currently holding out the cup and treatment pattern.

A cup and treatment could help rally plow

Recent Bitcon's Pricing Motions have attracted attention to the main technique system of handling support of a cupphen's handling support of a bully and manual pattern of bully formation. This exciting Bitcoin Pricing Activity was broadcast In a technical study By Crypto Analysis on the Tistestiew Trade platform.

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The cup pattern and handling hand has been creating over Multiple years, with the rounded class stretching from 2021 to the mid 2024. The long time rapidance time saw gradually recovering to the front of the neck of a neck. The breaksty began at hand in the last half of 2024, a rate of confirmation set for the platform up. By November 2024, bitcoin completed this stage of hand and was on a dramatic collection of $ 108,786 in January 2025.

Bitcoin — Main patterns to promote main port up the movement of movement | Source: Cobracoarard on trade

However, the correct correction 24% from this high term is high on the Sochcoin price Returns to the Russy Receisance of the creation of a cup and handle. The next logical step is to be convicted to correct the price and could see him away from this. In relation to a price, Welltiott target setting, pricing target above $ 130,000, particularly at $ 139,000.

Welliott check recommends an increase toward $ 130,000

According to the technical framework of Elliot waves, bitcoin in Larger wave wave weavers. However, the fifth fifty, which are commonly bullish, have usually been painted by waves ABC, a major Bitcoin to support the creation of a cup and treatment for supporting of the creation of a cup and handling support. Now that the support is achieved, Bitcoin is in a setting for kicking and continuing with the creation of the fifth impulse wave. This is expected to take it to the price of the price above $ 130,000.