Bitcoin Nearing New Highs with Positive Momentum at $120,818

Bitcoin (BTC) has increased by 0.86%, reaching a price of $120,818. The trading range today spans from a low of $117,459.10 to a high of $120,963.10, with a trading volume of approximately $495.56 million. This slight upward movement indicates a positive momentum in the short term, supported by consistent trading volume. Given the current price action and volume, traders might consider observing for potential breakout or confirmation signals before making substantial moves. The slight upward trend suggests cautious optimism, but traders should be mindful of resistance levels near the recent highs. Considering this context, it's advisable for traders to monitor further price developments and volume patterns to confirm sustained momentum. It may also be prudent to wait for clear technical signals before entering new positions to mitigate risks associated with market volatility. Explore more trading opportunities on KuCoin and benefit from referral bonuses by inviting friends, which can be an excellent way to leverage additional trading capital or diversify trading strategies.