🚀 [Update $BTC ] After Breaking ATH $120K, Where is Bitcoin Going? 📈💭
After touching a new All-Time High of $121,200, Bitcoin is starting to enter a phase that has many traders asking:
👉 "Is this the beginning of a rally to $125K+ or is it time to take a break?"
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🔍 Current Condition of $BTC
📌 Current Price: $120,297
📊 Daily RSI: Still above 85 → Overbought
📉 Volume: Slightly weakening, a sign of potential consolidation
🔒 Strong Support: $117,500 & $114,800
🎯 Resistance Target: $122,500 – $125,000
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⚡ Fundamental Factors Still Driving Prices:
🔹 ETF Flow Remains Strong: Inflow of Bitcoin spot ETFs consistently above $800M
🔹 Crypto Week in the US: Pro-crypto regulation (Genius Act) provides positive sentiment
🔹 Geopolitics & Trump Tariffs: BTC is increasingly positioned as a digital safe haven
🔹 The Fed Holds Interest Rates: Liquidity remains loose → good for risk assets like BTC
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🛡️ Strategy & Risk Management
✅ Wise Entry: Wait for a retrace to $118K–$119K
⛔ Stop-loss: Below $117,000
🎯 Profit Target: $122K – $125K (short term)
⚠️ Maximize risk per position: 1–2% of total capital
