๐ Bitcoin Soars Above $120K โ Whatโs Fueling the Rally?
#BTC #Bitcoin #CryptoNews #BTCBreakout #CryptoRally #BinanceFeed
Bitcoin just broke through the $120,000 level, marking a new all-time high and shocking many traders! ๐
๐ข Key Drivers of the Pump:
1. ETF Inflows hit record highs, with institutional investors pouring billions into BTC.
2. US Inflation Drop boosted investor confidence across risk assets.
3. Supply Shock: Long-term holders are refusing to sell, tightening supply.
4. FOMO: Retail traders are rushing in, afraid of missing out.
๐ Technical Outlook:
BTC is forming a strong breakout pattern with high volume support.
RSI suggests overbought conditions, but no signs of slowing yet.
Next target: $130K, but expect volatility along the way.
โ ๏ธ Caution: Corrections can happen quickly. Set stop-losses and manage risk wisely.
๐ Are you HODLing, trading, or taking profits here? Letโs discuss below ๐
