Bitcoin Breaks ATH; Clear $125K to Target $128K
I see Bitcoin has just made a fresh all-time high near $123,973 and is now consolidating above $122,000 and the 100-hour SMA, showing continued bullish momentum.
If BTC clears the $124,000–$125,000 resistance zone it can extend toward $126,250, $127,000 and potentially $128,000, supported by a rising trend line and bullish MACD/RSI readings.
I also recognize the downside risk: failure to break resistance could pull BTC back toward $122,750, $121,500 or $120,200, so I would manage exposure and use defined stops.
Analysis
Recommendation
I recommend a buy bias: consider buying on a confirmed break above $125,000 for momentum entries or add on weakness near $120–122k with stops below $117,500 to manage risk.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.