Bitcoin Soars to Fresh All-Time High — Bulls Eye Bigger Targets
Bitcoin’s rally shows no signs of slowing, now trading above $121,200 and holding strong. With momentum building, a break past the $124,000 resistance could open the door to higher peaks.
Market Highlights:
BTC climbed from a base near $118,500, smashing through $120,000 and $122,000.
New ATH hit at $123,973 before consolidating above the 23.6% Fib retracement from $118,971 to $123,973.
Trading well above $120,000 and the 100-hour SMA, with bullish trendline support around $120,200.
Upside Targets:
Immediate resistance is at $124,000, followed by $124,500 and the $125,000 milestone. A decisive close above $125,000 could trigger a run toward $126,250, then $127,000, with $128,000 in sight.
Possible Pullback Zones:
If BTC struggles at $124,000, first support lies at $122,750, then $121,500 (50% Fib retracement). Further downside could test $120,200, with deeper losses eyeing $118,500 or even $117,500 as key floors.
Technical Signals:
MACD: Bullish momentum building in the positive zone.
RSI: Above 50, supporting continued upside bias.
Key Levels to Watch:
Support: $122,750, $120,200
Resistance: $124,000, $125,000
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