$๐ Bitcoin Eyes $130K After Explosive Breakout ๐ฅ
Bitcoin has officially entered price discovery again, soaring past $122,000 and breaking out of a months-long consolidation! ๐
After smashing its previous all-time high around $112K, BTC has shown powerful momentum โ but is the market gearing up for a move toward $130K, or is a cooldown coming first?
๐ Key takeaways:
โขBTC remains within a strong ascending channel ๐
โขA healthy pullback to $114Kโ$117K wouldnโt break the bullish trend
โขRSI is elevated โ some short-term exhaustion is possible
โขFunding rates are heating up โ watch for potential volatility โ ๏ธ
๐ If BTC consolidates around $121Kโ$122K, it may build momentum for another leg up โ but over-leveraged longs could trigger a flush if momentum stalls.
๐ Bulls are in charge, but stay sharp. A dip = opportunity. Long-term trend still intact. ๐ช
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