🚀💹📈 Bitcoin Nears $123K — New ATH or Harsh Rejection?
$BTC is closing in on the $123K mark, riding a sharp bullish channel since April 📊. Technicals show strength — higher highs, a bullish 100/200 MA crossover, and RSI holding above 50.
Key Levels:
🚀 Breakout above $123K → Possible new ATH
🛡 Pullback support: $116K short-term, $110K major zone
Interestingly, Open Interest has been falling even as price climbs — suggesting this rally is driven by spot demand & short covering, not excessive leverage.
