$BTC is on fire at $122,480.66, surging +2.00% in the last 24h after defending the critical support at $121,684.97. The bulls stepped in with strong volume, pushing price back toward the upper range.
Key Levels to Watch:
Immediate Resistance: $122,713 → A breakout above this opens the path to $123,400.
Major Resistance Zone: $123,895 (24h high) → Clearing this level could unleash a rally to $125,000 – $126,500.
Immediate Support: $122,090 → If held, bulls remain in control.
Critical Support: $121,466 → Losing this level may drag$BTC back toward $120,500 – $119,800.
Market Insights:
Parabolic SAR dots flipped under the candles, signaling a bullish reversal is in play.
KDJ indicator: K (91.92) and J (111.86) are surging above D (81.94), confirming strong upside momentum.
Strong green candles with volume spikes show that buyers are defending dips aggressively.
Next Targets:
Short-term Bullish Target: $123,400 – $123,900
Mid-term Bullish Target: $125,000 – $126,500 if resistance breaks cleanly.
Bearish Risk Zone: Below $121,466, BTC could revisit $120K support levels.
Conclusion: Bitcoin is gearing up for a potential breakout above $123K. If momentum continues, the next leg could test $125K+. Bears need a strong rejection to regain control, but right now, the bulls are driving the engine!
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