🚀 Bitcoin soars above $120K — is a new bullish phase beginning?
Current Price and Technical Structure
Current price: $120,725
Daily range: from $118,177 to $122,242
Bitcoin has just surpassed the previous consolidation zone around $118K, marking a strong upward movement and showing strength in its technical structure.
Key Factors
The narrative of the 4-year Bitcoin cycle is losing relevance, and now institutional flows and the macroeconomic environment weigh more heavily on the price.
In the current zone, investment ETFs continue to attract capital: solid net inflows are observed that support the bullish momentum.
Technical Levels of the Day
Support: $118K–$119K
Resistance: $122K–$123K
Critical zone: Staying above $120K could catapult the price towards $125K–$130K.
Macro / Institutional Outlook
Bitcoin is entering a stage of "maturity," guided by institutional flows and global liquidity rather than the traditional halving cycle. This opens the door to a sustained growth narrative beyond historical patterns.
Do you see $BTC climbing towards $130K or is this rise just a technical breather? Share your opinion below ⬇️
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