#BTC Hits New ATH#

Historic Peak from Bitcoin

Bitcoin reached a record high price of $120,396 today.
The CPI data coming in below expectations and the strengthening of Fed rate cut expectations have brought buyers back onto the stage.

Market General Status
• BTC: $120,396 Slight profit-taking is observed after the new ATH.
• ETH: $4,696 is hovering near resistance levels.
• The total cryptocurrency market cap is approaching the $4 trillion mark again.

Technical Levels
Support and resistances;
BTC
$118,500 – $119,200
$121,800 – $125,000
ETH
$4,650 – $4,680
$4,764 → $4,900

Short-Term Expectation
• Bullish Scenario: A closing above $121,800 for BTC could target the $125,000 level.
• Correction Scenario: If it drops below $118,500, a relaxation up to $116,800 is possible.
• If ETH: $4,764 is broken, bullish momentum strengthens.

this is not investment advice, it is highly recommended that you do your own research. I wish you safe investments.