๐๐ถ๐๐ฐ๐ผ๐ถ๐ป ๐ง๐ผ๐๐ฐ๐ต๐ฒ๐ ๐๐ง๐ ๐ก๐ฒ๐ฎ๐ฟ $123K โ ๐๐ฎ๐ป ๐๐๐น๐น๐ ๐๐ผ๐น๐ฑ ๐๐ฏ๐ผ๐ $117K?
โ New allโtime high:
Bitcoin surged to $123,140, setting a fresh record after breaking above key resistance zones near $118K and $120K.
๐ Now pulling back:
BTC dropped back under $118K and is currently trading around $117,373. This pullback happened after the price failed to stay above a shortโterm bullish trendline near $119,800.
๐ Key resistance ahead:
$119,550: First hurdle
$120,500: Strong barrier โ bulls need a close above this level
If BTC clears $120,500 โ could retest $122,000, then possibly climb to $123,200 or even $125,000โ$130,000 range.
๐ก Key supports below:
$117,500: Immediate support zone
$115,800: Stronger backup support (close to 50% retracement)
$114,000 โ $112,500: Deeper correction levels
If BTC loses $110,500, bearish momentum could build.
๐ Technical check (explained simply):
MACD: Bullish momentum slowing down โ possible pause or pullback.
RSI: Below 50 โ momentum weaker right now.
โ What traders should watch next:
โ Bulls need BTC to bounce & close above $120,500 โ could restart the rally.
โ Bears will watch for BTC falling & closing below $115,800 โ might lead to deeper drop.
In short:
BTC just made a new ATH but is cooling off. Holding above $117,000โ$115,800 keeps the uptrend healthy. Watch volume & daily close: above $120,500 = next leg higher; below $115,800 = bigger correction risk.
