Bitcoin’s Bullish Blueprint: Two Analysts, One $120K Target
- Lark Davis signals a potential 9.77% BTC breakout targeting the $120K level via a triangle pattern.
- Garrett Patten’s Elliott Wave chart projects $116,400 as the next major wave 3 target if support holds.
- Both analyses align around bullish momentum, with MACD and RSI confirming strength in current market structure.
A strong technical case is building for Bitcoin’s next major rally, as analysts have identified technical chart setups pointing to a rally toward the $116,000–$120,000 range. The bullish sentiment on Bitcoin is supported by the following analytical methods that clearly show a powerful move provided key support levels hold.
BTC bullish outlook was highlighted on July 3 by two separate analyses, one focusing on a classic chart breakout and the other on a complex Elliott Wave structure, both arriving at a similar bullish conclusion.
The Breakout: A Classic Pattern Signals a 10% Upside
Lark Davis, known as @TheCryptoLark on X, shared a Bitcoin chart on July 3 showing a clear breakout above a descending trendline.
According to Davis, this move could signal a significant rally toward the $120,000 level.
The post Bitcoin’s Bullish Blueprint: Two Analysts, One $120K Target appeared first on Coin Edition.
Read More
Bitcoin’s Bullish Blueprint: Two Analysts, One $120K Target
- Lark Davis signals a potential 9.77% BTC breakout targeting the $120K level via a triangle pattern.
- Garrett Patten’s Elliott Wave chart projects $116,400 as the next major wave 3 target if support holds.
- Both analyses align around bullish momentum, with MACD and RSI confirming strength in current market structure.
A strong technical case is building for Bitcoin’s next major rally, as analysts have identified technical chart setups pointing to a rally toward the $116,000–$120,000 range. The bullish sentiment on Bitcoin is supported by the following analytical methods that clearly show a powerful move provided key support levels hold.
BTC bullish outlook was highlighted on July 3 by two separate analyses, one focusing on a classic chart breakout and the other on a complex Elliott Wave structure, both arriving at a similar bullish conclusion.
The Breakout: A Classic Pattern Signals a 10% Upside
Lark Davis, known as @TheCryptoLark on X, shared a Bitcoin chart on July 3 showing a clear breakout above a descending trendline.
According to Davis, this move could signal a significant rally toward the $120,000 level.
The post Bitcoin’s Bullish Blueprint: Two Analysts, One $120K Target appeared first on Coin Edition.
Read More