🚀 Bitcoin surpasses $123K and aims for $130K this July
Technical Analysis – Afternoon
📉 $BTC is trading at $123,100, after hitting a new ATH of $123,120 according to El País. The momentum continues, supported by institutional rallies and favorable crypto legislation in the U.S.
🧩 Key Factors:
BTC ETFs in the U.S. accumulate +3.13 billion USD in a week
Initiatives like the Genius Act and Clarity Act promote a positive regulatory framework
Price remains above all major EMAs and forms a “cup & handle” pattern, typical of bullish continuation
📊 Technical level of the day: • Strong support: $121,000 – $121,500 (zone of new ATH close and EMA)
• Intraday resistance: $125,000 – $126,500 → active breakout possible targets at $130K–$135K
💡 Outlook:
Technically strong, with price supported by EMAs and institutional volume. The confirmation of new crypto laws in the U.S. could catapult BTC towards $130K.
👇 Will you rise to BTC above $125K or wait for a technical pullback?
