Bitcoin Aiming for $123K Breakout Brewing? 🚀

$BTC is attempting to reclaim momentum above $120K. After bouncing from the $115.8K zone, it’s now hovering above $119K and the 100-hour SMA, showing signs of strength.

On the hourly chart, BTC/USD cleared a descending trendline around $119K. If the $120.5K ceiling breaks, further upside could take us near $123K and beyond.

🔹 Current Resistance: $120.2K → $121.4K → $123.15K

🔹 Key Support: $117.5K → $115.5K → $113.5K

A decisive push above $123.15K could open the way toward $124.2K and possibly $126.2K in the coming days.

However, failure to clear $121.4K may trigger a pullback, with $117.5K acting as critical support.

📊 RSI is holding above 50, and MACD remains positive bulls still have the upper hand.

Will $BTC reclaim its rally or face resistance again?