Bullish Breakout Signals Potential for New All-Time HighsBitcoin / US DollarCOINBASE:BTCUSDRich_From_HomeBased on the 4-hour chart for BTC/USD, the price action is showing strong bullish signals, suggesting a potential continuation towards new all-time highs. The key target area, following this breakout, is projected to be between $128,000 and $130,000. Key Observations: Pattern Breakout: The most significant development on the chart is the decisive breakout from a major descending trendline (yellow line). This trendline has been acting as resistance for several weeks, forming a large consolidation pattern, likely a falling wedge or a descending triangle. A breakout above this pattern is a classic technical indicator of a potential trend reversal to the upside and a continuation of the larger uptrend. Bullish Momentum: The price is currently trading above all key moving averages shown on the chart (red, green, blue, and purple lines). The shorter-term moving averages are also positioned above the longer-term ones, which confirms the building bullish momentum in the market. Key Price Levels & Targets: Immediate Resistance: The first major target is the horizontal resistance level at approximately $123,231, as indicated by the take-profit level in the "Long Position" tool on the chart. New All-Time High (ATH) Potential: Should the bullish momentum sustain and break through the 123kresistance,thenextlogicaltargetwouldbetochallengeprevioushighsandpushintopricediscovery.Basedonthestrengthandstructureofthispattern,amovetowardsthe∗∗ 123kresistance,thenextlogicaltargetwouldbetochallengeprevioushighsandpushintopricediscovery.Basedonthestrengthandstructureofthispattern,amovetowardsthe∗∗ 128,000 - $130,000** range is a strong possibility. Risk Management: The illustrated trade setup shows a clear entry point just after the breakout. A tight stop-loss is placed around $118,006, just below the recent price structure, effectively managing downside risk. This setup provides an excellent risk-to-reward ratio (indicated as 9.45), making it a favorable bullish trade. Conclusion: The breakout from the multi-week descending pattern is a powerful bullish signal for Bitcoin. With momentum indicators aligned and a clear path to the next major resistance, the outlook is optimistic. If buyers maintain control, a rally to test the 123,231∗∗levelisimminent,withtheultimatepotentialtoforgeanewall−timehighinthe∗∗ 123,231∗∗levelisimminent,withtheultimatepotentialtoforgeanewall−timehighinthe∗∗ 128,000 to $130,000 zone. Traders should watch for sustained volume to confirm the breakout's strength.