#Bitcoin Breaks Above $120K Amid Bullish Momentum and Institutional Accumulation

Bitcoin has officially surged past the $120,000 mark, confirming strong upward momentum supported by bullish technical indicators. The daily chart shows widening EMAs, a strengthening MACD, and an RSI firmly in overbought territory—all reinforcing the case for continued upside.

However, a dense cluster of sell walls around $120K could act as short-term resistance. Order book data shows more than $54M in asks at this level, suggesting price may consolidate before making its next move. On the downside, bid walls just below provide some buffer, but deeper support lies around $105K–$101K if a pullback occurs.

Adding to the bullish narrative, Metaplanet CEO Simon Gerovich announced the company acquired another 797 BTC at an average of ~$117.5K. This brings their total holdings to 16,352 BTC, with a remarkable 435.9% YTD BTC yield in 2025.

Traders will be watching closely for either a breakout above resistance or signs of a reversal at these levels.

#USCryptoWeek #BTC120kVs125kToday #TradingSignals $BTC

Read the full analysis: www.ecoinimist.com/2025/07/14/bitcoin-price-breaks-120k-metaplanet-buy