Current Price: Approximately $118,800

---

1. Price Action:

BTC is trading near its all-time high of about $123,000.

The intraday price range has been roughly between $118,300 and $122,200.

This proximity to the ATH (All-Time High) suggests strong bullish momentum.

2. Support and Resistance:

Support Level: Around $118,000 — a crucial price floor where buyers tend to step in.

Resistance Level: Around $122,000 — the price level BTC needs to break to continue rallying.

3. Market Sentiment:

Positive regulatory developments, such as moves to include crypto ETFs in pension funds, are boosting confidence.

Large investors (“whales”) are actively buying, which supports upward price pressure.

4. Future Outlook:

Short-term target: If BTC breaks above $122,000 resistance, the next potential target could be around $127,000.

Long-term potential: If BTC continues historic growth cycles, it could reach as high as $340,000 in the future, following a potential 2,100% increase like previous cycles.