Bitcoin’s decisive push above $113,600 has confirmed a bullish reversal pattern, potentially paving the way for a rally toward $120,000. The move comes on the back of softer PPI data, which may strengthen expectations for easier Fed policy. Technicals are supportive: moving averages across multiple timeframes are climbing, and the MACD has turned positive on the daily chart. Traders should monitor resistance near $114,700 and maintain caution around $110,000 as critical support.
Bitcoin Flashes Bullish Head-and-Shoulders Pattern as Market Awaits Confirmation
