
On our daily map of existence, bitcoin has managed to keep its forward momentum alive after wrestling its way back from the dark depths of $98,240. After a brief moment of euphoria at $123,236, we now enter a consolidation phase that’s as tight as a pair of trousers after Thanksgiving dinner—reduced volume included! Should it venture above the mystical $123,236 resistance with a cacophony of cheers (otherwise known as volume confirmation), we may very well witness the continuation of this hopeful uptrend, with targets that are not so much beyond $127,000 as they are darting towards some distant planet! Traders with a taste for caution are affectionately advised to place their stop-losses below $117,500. Beware the breakdown! Should bitcoin slip beneath $115,000, the bullish setup would be tossed into a deep, dark cosmic void.