Bitcoin's price is breaking through the $121,200 area. BTC is currently in a consolidation phase, potentially breaking through the $124,000 resistance level.
Bitcoin has begun to break through the $122,000 area and is rising again.
The trading price is above $122,000 and the 100-hour simple moving average.
A bullish trend line has formed on the hourly chart for BTC/USD, with support at $120,200 (data from Kraken).
If the resistance area of $124,000 is broken, this currency pair may start to rise again.
🚀💰 Bitcoin has reached a new high, and the bullish momentum is strong!
Bitcoin has recently stabilized above $118,500, starting a new round of upward movement 📈. The bullish momentum is strong, and the price is expected to break through the key levels of $120,000 and $120,500, even surging to $122,000, reaching a historic high of $123,973 🔥.
Currently, Bitcoin is consolidating its gains, breaking above the 23.6% Fibonacci retracement level from the low of $118,971 to the high of $123,973, indicating a strong upward trend 💎. The trading price is above $120,000 and has broken through the 100-hour simple moving average, showing clear technical advantages.
A bullish trend line has also formed on the hourly chart, with support at $120,200, providing solid backing for further upward movement 🐂. The short-term bullish atmosphere is strong, with clear bull market signals, and investors should closely monitor the next surge opportunities 📊✨.
📈💥 Bitcoin is on the brink of a surge, with resistance levels increasing gradually!
The immediate resistance level in the upward direction is around $124,000, with the first key resistance at $124,500, and the next important level at $125,000 💎. If the closing price successfully breaks through $125,000, Bitcoin is expected to push higher, targeting $126,250.
If the upward momentum continues, the price may even reach $127,000, with the main target set at $128,000 🚀. The bullish momentum is strong, and short-term surge opportunities are worth paying attention to, while also noting the pressure from key resistance levels 📊🐂.
📉⚠️ Is there limited downside space for Bitcoin? #BTC重返12万
If BTC fails to break through the $124,000 resistance level, a short-term pullback may occur 💡. Immediate support is around $122,750, with the first major support at $121,500, which is also the 50% Fibonacci retracement level of the upward movement from the low of $118,971 to the high of $123,973 📊.
The next support level is around $120,200, and if the price declines further, it may fall back to $118,500 in the short term. Major support is at $117,500, and if broken, the pullback could extend deeper ⚡.
Technical indicators show that short-term attention should be paid to changes in support and resistance, as the battle between bulls and bears will determine the next trend 🐂🐻.