#BTCBreaksATH BITCOIN BREAKOUT ALERT ๐จ
๐ฅ $BTC just blasted past $116,500 โ setting a new all-time high and igniting market-wide excitement!
๐ Current Price: $116,700+
๐ 24H Change: +7.2%
๐ธ Market Cap: $2.3 Trillion+
๐ Why the Surge?
๐ US CPI data hints at cooling inflation โ fueling risk-on sentiment
๐ฆ Institutional buying ramps up โ BlackRock, Fidelity, and ETFs absorbing BTC supply
๐บ๐ธ Weakening Dollar Index (DXY) adds fire to the rally
๐ HODLing trend: 69.2% of BTC hasn't moved in 12+ months
๐ Technical Breakdown:
โ Major resistance at $111K flipped to support
๐ง RSI: 73 โ Bullish but nearing overbought zone
๐ฅ Weekly MACD shows strong continuation
๐ Next Target Zones:
โข $123,000 (Fib Extension)
โข $130,000 psychological
๐ ๏ธ Trade Setup (Not Financial Advice):
Entry: $115,000โ116,500 (pullbacks)
๐ปTP1: $123K
TP2: $129.5K
๐ปSL: Below $111K
๐ง Smart Money knows: This isn't just a rallyโit's a liquidity squeeze + supply crisis brewing.
๐ Corrections expectedโbut every dip might be a gift in this cycle.
๐ Could we see $150K by year-end? If momentum holds, absolutely possible.
#Bitcoin #Binance #BTCBreaksATH
