Bitcoin reaches the highest level of $ 123,100: warnings about local top and decisive phase between $ 125,000 through the breakthrough and $ 111,000 correction

Bitcoin reaches the highest level of $ 123,100: warnings about local top and decisive phase between $ 125,000 through the breakthrough and $ 111,000 correction

Bitcoin achieved top price of $ 123,100: warnings of local high and possible course corrections

The cryptocurrency Bitcoin recently reached a remarkable maximum of $ 123,100. However, this price level also triggered analyzes and warnings that indicate a possible local high. The current market development shows that a decisive phase is imminent in which the Bitcoin course can either stabilize over 125,000 USD or threaten a correction to USD 111,000

The price movement of the Bitcoin is currently shaped by a triangular pattern. Such patterns are common in the technical analysis and can either result in a strong increase or a decline in the course at the end of a consolidation phase. Experts now observe exactly whether the course overcomes the important USD brand or falls towards the support of 111,000 USD.

traders and investors should keep an eye on the current market situation, since the outcome of these patterns can be decisive for Bitcoin's future course development. A outbreak of over 125,000 USD could lead to a new upward trend, while a decline below 111,000 would be a signal for a more comprehensive correction of the market.