Bitcoin Eyes Record Rebound — What’s Next?
$BTC Bitcoin is currently trading at $121,699, up about 3.3% from yesterday, with intraday highs reaching $122,242 as bulls push toward fresh all-time highs.
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Market Snapshot:
Resistance Interaction: BTC is approaching its recent all-time high near $123K, and momentum is clearly shifting in the bulls' favor.
Technical Setup: BTC has broken above its $118K resistance, trading strongly above the EMA50, with RSI firmly bullish. Holding above $118.8K could trigger a push toward $120.7K+.
Macro Tailwinds: Crypto got a boost from favorable U.S. policy, including the move toward a strategic Bitcoin reserve and approval for crypto in retirement accounts.
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What This Means:
Short-term traders can look to ride the momentum toward $123K or use pullback entry around $120K.
Swing traders might wait to see if BTC solidifies above $122K. A daily close above this zone could open $125K.
Macro watchers, keep tabs on U.S. inflation data and trade negotiations — they remain key swing factors.
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Quick Summary:
Bitcoin is surging—with strong technicals and favorable policy tailwinds driving the move. The key level to watch? $123K. Let’s see if the bulls can break through.
