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BTC

Bitcoin Pullback Looks Like Consolidation — Buy on Weakness Toward $120K

I see the recent retracement to $121,800 after the $124,400 high as a healthy consolidation rather than a trend reversal. Institutional flows, ETF accumulation and favorable U.S. policy have created durable tailwinds that support further upside.

Technically, BTC cleared key moving averages and the MACD is strongly bullish, while RSI still has room before overbought levels — so this looks like a pause before a potential next leg up toward the $126–150K area if momentum holds.

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Analysis

BTC’s breakout above the 7‑day SMA and 200‑day EMA, expanding MACD, and continued ETF and corporate accumulation argue for constructive momentum; key resistance sits near $126,870 while $120K is actin...

Recommendation

I would view dips toward the $120K area as buying opportunities with appropriate risk management — size positions gradually, use a stop below the $120K floor (or your risk tolerance level), and watch ...

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.

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