$BTC has powered past $123K, establishing a new all-time high fueled by institutional ETF inflows (~$3โ4B this July) and aggressive short squeezes that liquidated over ~$1B in bearish bets. Technical patterns like the cupped handle and MACD signal indicate traction for further upsideโprice targets now range between $134Kโ$146K.
๐ ๐๐๐ฎ ๐๐๐ซ๐๐ก๐จ ๐ฉ๐ค ๐๐๐ฉ๐๐-
Resistance: $123Kโ$125K (short-term), then $134Kโ$146K on breakout
Support: $110Kโ$113K (50โday MA), strong zone at $107K
โ ๏ธ๐๐๐ฉ๐๐ ๐ฉ๐๐ ๐จ๐๐๐ฃ๐๐ก ๐๐ก๐๐๐จ:
A surge in $BTC coming back onto exchanges postโATH could trigger a cooldown periodโexpect consolidation around $120Kโ$117K
Continued ETF momentum and macroโregulatory tailwinds (Crypto Week, GENIUS & CLARITY Acts) could sustain bullish flows.
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