🔥 $BTC registers ATH at 123K: Is 150K the next target?
Bitcoin ($BTC ) has surpassed the $123,000 barrier for the first time in its history, supported by strong momentum and high trading volume.
Despite the rise, market indicators show that investors are not rushing to take profits, reflecting confidence in the continuation of the upward trend.
📊 Technical Analysis
- A breakout above resistance at 120K–122K opens the path towards 128K – 136K, according to Fibonacci models and market forecasts.
- The Relative Strength Index (RSI) is at 54, indicating upward momentum without overbought conditions.
- The Elliott Wave model targets $150,000 as a potential technical objective.
⚙️ Key Support
- Bitcoin maintains strong support at 115K, with additional support levels at 98K and 89K.
- The hash rate has reached an all-time high of 1.031 ZH/s, enhancing network security and the estimated energy value at $167,800.
🏦 Institutional Catalysts
- The inclusion of cryptocurrencies in American retirement plans (401k) opens a $9 trillion market, promoting widespread adoption of Bitcoin.
- Strong inflows into Bitcoin-related ETFs support sustainable growth.
💡 Summary
Bitcoin is not only achieving new highs but also showing strong fundamentals that support the continuation of the rise.
The next target? 150K seems closer than ever.
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