#BTC120kVs125kToday

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1. Current price action:

Bitcoin recently spiked past $120,000, touching record highs around $122,500—driven by institutional inflows, ETF demand and optimistic U.S. regulatory momentum . Since then, prices have retraced slightly, hovering near $117–$120K.

2. Key technical levels:

120 K: Now a critical support zone—if held, it could lay the groundwork for renewed bullish momentum .

125 K: Represents the next psychological and technical resistance. A decisive break above this could trigger a strong surge toward **$130K+** .

If both levels fail, expect a potential retracement to the $110–113K zone .

3. On‑chain & options paint:

Options market makers are neutralizing volatility near strikes between $120K‑$130K via gamma hedging, likely keeping BTC range-bound for now .

Some technical metrics (e.g., DVOL, RSI/MACD) are signaling overbought conditions—hinting at potential short-term cooling .

4. Strategy snapshot:

Bull case: Bounce above $120K, consolidation around $122K–$123K, followed by a breakout to $125K–$130K.

Bear case: Rejection at $120K or $125K could prompt a drop toward $115K–$110K support, possibly triggering FOMO-induced liquidations .

Bottom line:

Today’s battle between $120K (support) and $125K (resistance) is critical. Holding above the former keeps the bull narrative alive; breaking above the latter could fuel a sharp rally. A failure at either could lead to consolidation or correction. Reaction to