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Bitcoin’s Bullish Flag Signals $123K Breakout: Policy Winds Fuel Crypto Optimism
Bitcoin’s Bullish Flag Signals $123K Breakout: Policy Winds Fuel Crypto Optimism
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Market technicians spot a textbook bullish flag formation in Bitcoin's chart—just as regulatory tailwinds start blowing. Here's why traders are betting big on six figures.
The setup: Bitcoin consolidates below all-time highs while trading volume builds. That flag pattern? It typically precedes explosive moves north.
Policy catalysts: Three major economies softened crypto stances this week. When bureaucrats retreat, bulls charge.
Key level: A clean break above $123,000 converts skeptics into believers. Watch derivatives markets for whale activity.
Of course, some hedge fund manager will still call it 'digital tulips' before quietly allocating 3% of their portfolio. Classic.
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