#Bitcoin has reclaimed the $121,000 level, reigniting bullish sentiment across the crypto market. This price zone has been a significant point of interest for traders, and its recent breakout is being viewed as a potential turning point.
According to a market update from Crypto Rover on August 13, #BTC ’s move above $121K could see the level shift from a long-standing resistance into a strong support base. Historically, this price point has been a challenging hurdle, but the latest rally — fueled by rising institutional inflows and improving market sentiment — suggests renewed buying strength.
At press time, #Bitcoin is trading around $122,589, up 2.09% on the day. If the current momentum holds, analysts are eyeing $130,000 and higher as the next upside targets.
On the downside, $115,000 remains the critical support level to monitor for potential pullbacks. With trading volume climbing and market optimism building, Bitcoin’s current price action could be the spark that pushes it toward new all-time highs before year-end.
As always, traders are advised to wait for confirmation and apply strict risk management in these volatile conditions.
