Bitcoin Rockets to a New Intraday High! ๐
Today, Bitcoin (BTC) surged to a fresh intraday peak of $119,130, riding strong momentum across global exchanges ๐. The flagship crypto asset continues to dominate the market, cementing its position just under this new resistance level.
๐ Key Highlights:
Intraday high: $119,130
Intraday low: $117,140
Current price: ~$118,790
This uptick arrives amidst a wave of bullish sentiment โ driven by rising institutional inflows via spot Bitcoin ETFs and renewed retail interest. According to TradingView, BTC broke past $105,000 less than 48 hours ago, marking its most explosive 48-hour rally in recent memory .
๐ What This Signals:
Institutional strength: Consistent ETF inflows show growing trust from big players.
Volatility surge: Quick moves open up both trading opportunities and risks.
Next key level: If BTC sustains above $119Kโ120K, analysts eyed โblue-sky territoryโ targets of **$130K+** .
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๐ Takeaways for Traders & Investors:
Tip Strategy
Set stop-losses Protect your position below the $117Kโ118K zone.
Watch volume High turnover confirms breakout strength.
Plan for pullbacks Volatility can trigger sharp correctionsโprepare for dips.
