#Btc #support #Resistence

Bitcoin (BTC) is showing strong bullish momentum this month. After crossing the $120,000 mark, BTC hit a new high of around $123,000. This rise is mostly due to large investments from financial institutions and the approval of Bitcoin ETFs in the U.S. These funds are making it easier for big players to invest in BTC, adding trust and liquidity to the market.

At the same time, new crypto-friendly laws in the U.S., like the “Clarity Act,” are giving investors more confidence. However, some whales (big holders of BTC) have recently sold thousands of coins worth billions. This may cause some short-term price drops.

Despite small dips, Bitcoin is holding above the key $118,000 support level. If it stays above this level, we might see it push toward $125,000 and even higher. But if it drops below $116,000, it could face more selling pressure.

Overall, the long-term trend looks positive as demand keeps growing and regulations become cleare$BTC