#BTC120kVs125k Today 🚨 HOT NEWS: BOOMs!

Headline: “Bitcoin rises above $120K—Eyes on the breakthrough of $125K!”

Bitcoin has surged to a new all-time high above $122K, supported by a strong combination of institutional demand, the liquidation of short positions, and increasing optimism regarding U.S. cryptocurrency legislation as "Crypto Week" begins. The move above the key level of $120K, which is now becoming a strong support level, is associated with technical signals: MACD shows a bullish crossover, RSI remains close to overbought territory—momentum remains firmly on the rise ().

Whale accumulation is intensifying, and inflows into spot Bitcoin ETFs have reached record levels, helping to flush out short positions—according to CoinGlass data, more than $20 million in short positions were liquidated in one hour . Analysts are now highlighting the $120K–$121K zone as key support, while a daily close above this level opens the way to $123K–$125K, with Fibonacci and price discovery suggesting a potential rally up to $132K next().

What’s next?

Traders are focused on maintaining the momentum. Holding above $120K with a clear breakout above $121K sets $125K as the next logical milestone. However, failing to hold the critical zone of $120K–$121K could trigger a short-term correction to $115K–$117K .

On-chain Buzz & Sentiment (via Binance Square):

• “$120K is just an intermediate step. Next stop: $125,000.” — babajani (Binance Square) 

• “$BTC reached $119K. 120K is on the way.” — Crypto Sat