Bitcoin consolidates in a bullish flag pattern at $ 116,000: Does the breakthrough come to the $ 123,000 mark with growing retail acceptance and changing US policy?

Bitcoin consolidates in a bullish flag pattern at $ 116,000: Does the breakthrough come to the $ 123,000 mark with growing retail acceptance and changing US policy?

Bitcoin in the Bullish flag pattern: Is there a outbreak to $ 123,000?

Bitcoin, the most famous cryptocurrency in the world, is currently showing a promising Bullish flag pattern and is $ 116,000. This technical pattern often signals a potential further price increase. While the monetary policy framework in the United States is changing and the acceptance of cryptocurrencies through retail, Bitcoin could be on the way to a new record high.

A Bullish flag pattern forms when there is a consolidation phase after a strong increase in price, in which the prices are sideways or slightly declining. This phase is often accompanied by an increase in the commercial volume. Analysts indicate that an outbreak via the resistance line of 116,000 USD could trigger a further increase to around 123,000 USD.

The current changes in US politics, especially with regard to the regulation of cryptocurrencies, create a favorable environment for Bitcoin. In addition, the growing acceptance in retail shows that more and more people and companies accept digital currencies. These developments could help strengthen trust in Bitcoin and the cryptocurrency market as a whole.

investors and traders should observe the coming weeks closely, since the market dynamics and political factors could also be crucial for the price development of Bitcoin. A outbreak and reaching $ 123,000 could mean new highs for cryptocurrency and further heat up.