Current market situation shows strong bullish momentum for Bitcoin, with indicators across all timeframes trending upwards. The weekly candlestick chart is showing a stair-step rise; although there are pullbacks after peaks, these pullbacks present good buying opportunities. The four-hour chart has the three lines opening upwards, with the middle line providing support for upward movement. The short-term support is at the 120,000 level, and one can consider buying based on this position during the day.
Bitcoin is trading between 121,000 - 120,300, with targets of 123,500 and 125,000.
