🔥 $BTC remains strong at $121K after record highs and institutional flows
Current Price and Technical Structure
Current price: ~$121,174
Intraday range: High close to $124K, pullback towards $121K
BTC surpassed $124K this session, aiming to consolidate near its new all-time high.
Key Factors
Strong institutional interest: SpaceX already exceeds $1B in BTC (~8,285 BTC).
Short risk: Over $18 billion in short positions could be liquidated if BTC continues its momentum.
The pro-crypto policy of the U.S., including a favorable framework for 401(k) investments, is catapulting the rally.
Technical Level of the Day
Key support: $120K
Immediate resistance: New highs at $124–$125K
Critical zone: surpassing $124K could trigger extension towards $130K+, while holding above $120K could consolidate the new base.
Macro / Institutional Outlook
Bitcoin continues to strengthen as a structural reserve asset, supported by corporate purchases, operational ETFs, and signs of prolonged adoption that are pushing its valuation even above global companies like Google.
Will we see $BTC reach $130K before the end of the month, or is it still too early for a new push? Share your view. ⬇
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