Bitcoin Holds Steady Above $123K as Bulls Eye $125K Breakout

Bitcoin is holding firm above the $123,000 mark today, showing resilience despite minor intraday volatility.

Market sentiment remains positive after a strong July rally driven by institutional inflows and favorable US regulatory updates. Traders are closely watching the $125,000 resistance level, which could spark a fresh bullish wave toward $130,000.

On-chain data shows increased whale accumulation, signaling confidence in further upside. While altcoins continue to gain traction, Bitcoin’s dominance still secures its position as the market’s anchor asset.

Short-term momentum indicators suggest a potential breakout in the coming days if volume holds steady.

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