Bitcoin holds above $120,000 as corporate crypto treasury building and robust spot BTC ETF buying continue to support the new price range.

Bitcoin is facing profit booking near $123,000, pointing to a minor consolidation or correction in the near term.

Several major altcoins have broken above their overhead resistance levels, indicating the start of a new uptrend.

Bitcoin (BTC) started the new week on a strong note, rising above $123,000, but higher levels are witnessing some profit booking. A positive sign is that the bulls are trying to maintain the price above $120,000.

Bitcoin exchange-traded funds saw their first-ever back-to-back inflows of more than $1 billion on Thursday and Friday, according to Farside Investors data. That suggests investors expect the rally to continue.

Michael Saylor’s Strategy was not to be left behind, and it resumed its BTC purchase after a one-week gap. The company said in a Monday US Securities and Exchange Commission filing that it had bought 4,225 BTC at an average price of $111,827. The latest acquisition boosted Strategy’s holdings to 601,550 BTC. #BTC120kVs125kToday #BTCWhaleTracker #CPIWatch #USCryptoWeek #Write2Earn