#BTCHashratePeak Bitcoin surpassed the $120,000 mark, reaching an intraday high of $122,300, just below its all-time high of $123,000. The movement marks a strong bullish continuation after weeks of upward momentum, fueling hope among traders that a new record could be imminent. However, experienced investors are approaching the rally with caution, warning that the current price action could represent a relief rally before another phase of consolidation.