📊 On the 1H timeframe, $BTC breaking a strong resistance at $121,500 with high momentum and large trading volumes. Long green candles with the 20 moving average crossing above the 50 indicate a continuation of the short-term bullish trend. Current support at $120,800 — breaking below it might slow down the momentum.
📰 #bitcoin Approaching the all-time high recorded in mid-July, supported by strong institutional demand and general optimism after positive inflation data.
📈 Staying above 122K = we might see 125K very soon.
Caution against rapid corrections as ATH approaches.
