🚀 Bitcoin not only surpassed $117,000... now it aims for $120K! Is a historical breakout near?
🔹 Full analysis:
Bitcoin surprised the market with an explosive rise that took it to touch $117,500, its highest point in weeks. This movement occurred following a wave of institutional inflows, especially from large funds seeking protection against inflation in the U.S.
Additionally, network activity has increased: over 723,000 transactions in the last 24 hours, and the hashrate continues to set records. Technically, BTC still shows strength, although the RSI at 72 indicates possible short-term overbought conditions.
🎯 Key levels:
Support: $113,800
Immediate resistance: $120,000
If it breaks that barrier, we could see a run up to $125,000
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