Bitcoin Eyes Breakout Above Neckline Toward $140K 🧭

• Bitcoin may soon break above a key neckline resistance.
• A measured move projects a rally toward the $140K+ range.
• Close monitoring needed: breakout confirmation and volume vital.

Bitcoin has formed what appears to be a bullish pattern, with price action testing a critical neckline level. This setup often precedes a powerful breakout, and traders are watching closely for a decisive move above this resistance.

Measured Move Targets $140,000s

If Bitcoin breaks convincingly above the neckline, technical analysis suggests the next upside target could land in the $140,000s. The measured move is calculated by the height of the pattern added to the breakout point—an aggressive but plausible projection.

What Traders Should Watch

Market Sentiment: News, macro triggers, and crypto inflows could accelerate the push or cause pullback.

Volume: A strong breakout needs high trading volume to validate the move.

Retest: Watch if price retests the neckline after breaking out—that’s a confirmation sign.

Trading Scenario Summary

1. Breakout above neckline – triggers buy signals.
2. Retest and hold – increases breakout reliability.
3. Rally toward $140K+ – based on measured move theory.

Traders should stay alert for a confirmed breakout candle and trail stops below the retest level to manage risk effectively.

Read Also :

• U.S. Embraces Bitcoin as a Reserve Asset
• From Frosty Fields to $0.008? Arctic Pablo Coin Emerges as Best Crypto to Invest While Moo Deng and Turbo Trends
• Ponke’s Lost in the Crowd: Troller Cat Is Picking Up the Torch with 1341% ROI Potential
• Downside Liquidity Gone: $111K in Sight?
• Regret Pi’s Missed Gains? Analysts Say Qubetics May Be the Top Altcoin Presale Ready for a 20% Surge on Listing