BTC Surges to $122K Before Cooling - Momentum Still in Play

$BTC rallied sharply, hitting a local high of $122,327 after a multi-day consolidation near $116K. The breakout confirms strong bullish sentiment, driven by sustained buying pressure. Key support now sits at $121K, with resistance at $122.3K. RSI remains elevated, signaling overbought conditions, while volume suggests healthy participation. A sustained hold above $121K could open the path to $124K–$125K; failure to defend it risks a retrace toward $119K. Short-term momentum favors bulls, but profit-taking is likely in the near term.

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