Unstoppable! Bitcoin sets a new record at 123k! $BTC | CryptorInsight on Binance Square

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Unstoppable! Bitcoin sets a new record at 123k!$BTC 

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$BTC is consolidating around $117K after a pullback, building a base. A break above $118.5K targets $120K-$121.5K 🎯. A fall could test $110K-$112K 🎯.

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$BTC RSI Rebalancing The RSI (14) is now at 51.8, having rebalanced from oversold conditions. This neutral position provides ample room for the price to move in either direction without immediate resistance from the indicator itself.

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$BTC RSI Rebalancing: The RSI (14) is now at 51.8, having rebalanced from oversold conditions. This neutral position provides ample room for the price to move in either direction without immediate resistance from the indicator itself.

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After reaching its peak, $BTC has seen a healthy correction and is now trading sideways, specifically trying to hold the $117,000 area. This suggests a battle between buyers and sellers to establish the next direction.

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$BTC is currently in a critical phase, appearing to consolidate and build a fresh foundation after its recent powerful rally and subsequent pullback. The market leader is actively re-evaluating its next steps, poised for a decisive move after this period of price stabilization.

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