BTC broke above the downtrend line on Sunday,
and the bulls continued the momentum on Monday,
reaching $122,335.
The bears are trying to guard the all-time high of
$123,218, but a positive sign is that the bulls have
kept up the pressure. That enhances the prospects
of a break above $123,218. If that happens, the
BTC/USDT pair could skyrocket toward $135,000.
The first sign of weakness will be a break and
close below the 20-day SMA ($116,795). That
signals a possible range formation in the near
term. Bitcoin's price could oscillate between
$111,920 and $123,218 for a while. The pair will
signal a short-term trend reversal below $110,530. $BTC