Bitcoin after small correction of $ 123,000: Bullish Pennant gives hope for a target of $ 137,000

Bitcoin after small correction of $ 123,000: Bullish Pennant gives hope for a target of $ 137,000

Bitcoin: Easy decline from ATH of $ 123,000 - Bullish Pennant indicates

In the last trade hours, Bitcoin experienced a slight decline from its all -time high (ATH) of $ 123,000. Despite this decline, technical indicators show that the long -term market mood remains optimistic. A so -called "Bullish Pennant", a chart -technical pattern, indicates that Bitcoin may be able to control a target of $ 137,000.

The term "Bullish Pennant" describes a pattern that often occurs in rising markets. It arises when the price increases sharply first, followed by a short consolidation phase in the form of a narrow price channel before the course breaks up again. In this case, the final outbreak beyond the current price level could lead to a further increase and confirm the above -mentioned goal.

Overall, the Bitcoin market continues to show potential, and the analysis of the chart-technical patterns could provide investors valuable references to future developments.