📊 #BTCBreaksATH - From Glory to Pullback 🚀📉
Bitcoin smashed past $124K to set a new All-Time High, but the celebration was short-lived, price pulled back to $117,600 as traders locked in profits.
🔹 Current Support: $117K-$116K... holding this range keeps the bullish structure alive.
🔹 Resistance Ahead: $121K-$124K... needs a breakout to retest ATH.
🔹 Next Bull Target: $126K+ if $124K is broken with strength.
📈 Market Read:
A healthy pullback after an ATH is normal, it shakes out weak hands and gives fresh buyers a chance to enter. The bullish flag on the daily chart still hints at another leg up if key support holds.
🛠 Watch Closely:
Bounce from $117K → Possible surge toward $123K-$126K
Break below $116K → Room for a deeper dip toward $112K
💡 Takeaway: This isn’t a trend break, just a pit stop. If $117K holds, the next ATH attempt could come sooner than expected.