🟢Bitcoin has successfully broken through the $113,000 resistance and consolidated above $114,000, signaling continued bullish momentum. According to analyst Rekt Capital, each rebound has been followed by shallower pullbacks — evidence that selling pressure is weakening. The technical picture confirms a breakout from the recent downtrend after a week of declines, setting the stage for further upside.
🟢Experts believe the current bull cycle is far from over. Rekt Capital argues that peaking now would make this cycle historically short — something unlikely, as past cycles have only grown longer. The next intermediate target is $124,000, though bulls will first face resistance at the 50-day moving average near $115,000.