$BTC is currently trading strong around $122,000, showing a steady uptrend on the 5-minute chart. After reaching a recent high of $122,666, the price is slightly consolidating but still holding firm.
The key support level to watch is $122,000. As long as BTC stays above this mark, there is a good chance it will retest the recent high and possibly push towards $123,000 or even higher in the short term.
However, if the price slips below $121,800, it could trigger a short-term pullback. In that case, BTC might revisit the $121,200 to $121,500 range before attempting another move up.
Quick Summary:
Above $122,000: Bullish momentum continues, possible push to $123,000+.
Below $121,800: Short pullback expected towards $121,200 – $121,500.
Keep an eye on these levels to catch the next move. The market still looks positive, but caution is advised near these key price points.
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