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Bitcoin has once again shown its resilience, rebounding strongly and eyeing the $120,000 mark. 📈 Market sentiment is shifting bullish, with institutional inflows increasing and whale wallets accumulating. Technical indicators suggest strong support holding above $115K, while on-chain data shows reduced exchange reserves – a sign of holding rather than selling.
If momentum continues, BTC could test and potentially break past the $120K barrier, opening the door for new all-time highs. Traders should watch for breakout confirmations and volume surges for optimal entry points.
📊 Market Outlook:
Support: $115,200 – $115,800
Resistance: $120,000 – $121,500
Trend: Bullish momentum building
💡 Pro Tip: Keep stop-losses tight near support and scale profits at resistance levels. Volatility is high, but so is the opportunity. #BTC Back To $120k#