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shahnoortr
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shahnoortr
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🚀 Bitcoin Blasts to New ATH — Bulls Set Sights on the Next Peak Bitcoin price is rising beyond $121,200. BTC is stabilizing and may break $124,000 resistance. Bitcoin rose again beyond $122,000. The price is over $12,000 and the 100-hour SMA. The hourly BTC/USD chart shows a bullish trend line with support at $120,200. The pair may rise again if it breaks $124,000 barrier. Price Hits New ATH for Bitcoin Bitcoin price established a base at $118,500 and rose. BTC accelerated over $120,000 and $120,500. Bulls even pushed price beyond $122,000. A record high was reached at $123,973. It's consolidating gains above the 23.6% Fib retracement line of the $118,971 swing low to $123,973 high move. Bitcoin is over $120,000 and the 100-hour SMA. The hourly BTC/USD chart shows a bullish trend line with support at $120,200. Near $124,000 is immediate upward resistance. First major resistance is around $124,500. The next hurdle may be $125,000. A closing above $125,000 resistance might boost prices. The price may surge to $126,250 barrier. More increases might push the price toward $127,000. The goal may be $128,000. Are BTC Dips Limited? Bitcoin may correct if it fails to break $124,000. Support around $122,750 is immediate. First significant support is at $121,500, the 50% Fib retracement level of the upward advance from $118,971 swing low to $123,973 high. Around $120,200 is the next support. More losses might push the price toward $118,500. BTC may continue to fall below $117,500, the primary support. The technical indications The MACD is rising in the positive zone. Relative Strength Index hourly BTC/USD RSI is over 50. Major Support Levels: $122,750, $120,200. Key Resistance Levels: $124,000 and $125,000. #BTCBreaksATH #ETH5kNext? #BTCReclaims120K #ETHRally $BTC $ETH
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