#BTCHashratePeak 📈LONG:

#BTCUSDT | #BTC | #Bitcoin

Current Price $121606.00

Market Cap $2420.64B

Change 1h -0.51% | 24h +3.32%

4-Hourly Indicators:

• RSI: 74 - Overbought 🟢

• MACD: 1263 - Bullish 🟢

• EMA: 117456 - Trading Above 🟢

Analysis: BTCUSDT has broken its downward trendline and surged past the crucial 120,000 support, forming higher lows. This bullish momentum is evident as it heads towards the next resistance level. A breakout from the consolidation zone further confirms the strength of this upward move.

Price Targets: Keep an eye on the resistance at 130,000. Surpassing this could catapult BTCUSDT higher. On the downside, watch the 117,855 level for support. The current momentum hints at a positive trajectory, making these levels key for short-term moves.