š 120K vs. 125K Outlook
š Todayās milestone: Bitcoin recently hit a record high of āāÆ$123K, and is currently trading near $119.9Kā$122K, buoyed by a wave of institutional buying and U.S. regulatory optimism
š” What could push it to $125K?
Technical patterns (inverse head-and-shoulders, Fibonacci extensions, golden cross, reclaiming the 50-day EMA) suggest upside momentum to $125K+
Macro factors: Expectations of Fed rate cuts, deficit concerns, dollar weakening, and geopolitical uncertainties are adding fuel
Onāchain data: Whale/institution accumulation and spot ETF inflows support the bullish thesis
ā ļø Caveats:
Markets are technically overboughtāsome short-term consolidation or minor pullback (to ~$117Kā$120K) is possible
External triggers like Fed hawkish surprises or global shocks could hinder upward moves .
šÆ Summary
Short term (~days to weeks): Consolidation in the $120Kā$123K zone looks likely, with resistance near $123Kā$125K.
Medium term (~weeks to months): Hitting $125K is plausible if favorable technical and macro dynamics persist.
Watch for: A strong daily close above $123K could trigger momentum toward $125K+.
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