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BTC

Bitcoin Tops $120K; Key Resistance at $123K Could Decide Next Move

I'm seeing Bitcoin pushing above $120,000, with BTC trading around $120,115 (+1.21%) even as reported ETF outflows continue to surface. The price action suggests that Bitcoin is maintaining upside momentum despite the short-term capital rotation tied to ETF flows.

From a technical standpoint, indicators are sending mixed signals: momentum measures look bullish, but clear resistance sits near the $123,000 level and could limit further gains unless buyers step in aggressively. I remain attentive to how BTC reacts around that $123K zone as it will likely dictate the next directional leg.

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AI Analysis

Bitcoin's move above the $120,000 mark demonstrates resilience in price action, signaling that buyers remain willing to support BTC despite recent ETF-related outflows. The fact that price is advancin...

AI Recommendation

I recommend keeping a close watch on Bitcoin's price action near $123,000 and monitoring ETF flow data alongside on-chain signals for confirmation. Avoid committing large position sizes solely based o...

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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