$BTC Nears $123K Highs But Shows Fatigue 💰⚠️
🚀 Bitcoin (BTC) hit a new all-time high at $123,231 after a strong rally in H1. But recent days show sideways action, hinting at cooling momentum.
📉 At the time of writing, BTC trades around $118,681 with $73.6B in 24h volume. The broader trend remains bullish, but signs of exhaustion are building.
⚠️ A rising wedge pattern on the multi-month chart is raising caution, often signaling a potential reversal if selling pressure increases.
📊 Still, some see this as a healthy pause. BTC previously broke out of a bull flag, and if momentum resumes, the next upside target sits at $130K–$135K.