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Bitcoin Tops $120K as Momentum Meets $123K Resistance

I see Bitcoin trading at $120,115 (+1.21%), clearing the $120K threshold even in the face of recent ETF outflows. My technical read shows bullish momentum supporting the move, but I recognize immediate resistance near the $123K zone that could cap further gains in the short term.

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AI Analysis

Bitcoin's advance to $120,115 indicates that buying pressure remains present despite the headwind of ETF outflows. Price strength around key round numbers like $120K often attracts both fresh longs an...

AI Recommendation

I recommend a cautious, conditional approach. For short-term traders, consider taking partial profits as price approaches the $123K resistance and tighten stops to protect gains if momentum fades.If y...

Disclaimer

The AI 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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