Bitcoin Breaks Out: BTC Surges Past Critical Resistance – Is $120K the Next Stop?

Bitcoin bulls are back in control as BTC smashes through a key resistance level, sparking frenzy among traders. The rally defies skeptics—and Wall Street's latest 'crypto winter' predictions—with a momentum that suggests higher highs ahead.

Breaking the ceiling

After weeks of consolidation, Bitcoin's breakout confirms bullish sentiment isn't just hopium. Technicals align as the king crypto reclaims territory lost during last quarter's pullback. Traders now eye $120K as the next psychological battleground.

Wall Street's FOMO moment?

Institutional inflows tick up alongside retail interest—a rare harmony that typically precedes major moves. Meanwhile, traditional finance pundits scramble to explain why their 'overbought' calls aged like milk. (Pro tip: maybe stop predicting Bitcoin's demise every 20% dip?)

The path forward looks clear: either this rally has legs, or we're witnessing the mother of all bull traps. Place your bets—just maybe hedge with something other than your banker's 'diversified' portfolio.

BTC Climbs Above $115K as Bulls Take Back Control

The latest price action has also formed a trend line that could act as support if BTC experiences further declines.

If BTC rises above $116,000, we could expect a move toward the $120K area shortly, which WOULD mark the end of this recent pullback.

The Relative Strength Index (RSI) in this lower time frame has been steadily rising and has surpassed the mid-line and the 14-day moving average already. These are positive signals that show that the uptrend is gaining steam.

The 9-period and 21-period exponential moving averages (EMAs) are getting closer to the 200-period EMA.

Meanwhile, one of the most promising BTC-linked crypto presales of the year, bitcoin Hyper (HYPER) has raised $7 million in just a month and a half as this project will leverage the power of the Solana blockchain to kickstart a new era for BTCFi.

Bitcoin Hyper (HYPER) Will Allow BTC Holders to Earn Passive Income via DeFi Apps

Bitcoin Hyper (HYPER) is a crypto protocol that will expand Bitcoin’s DeFi ecosystem with the help of the more efficient and scalable solana blockchain.

Through the Hyper Bridge, users will be able to send BTC tokens safely to a designated wallet in the Bitcoin network and receive the corresponding amount of tokens in the Hyper L2 to access DeFi apps.

They will be able to generate passive income out of their Bitcoin investment via staking, yield farming, lending, and more.

Once top wallets and exchanges start to embrace Bitcoin Hyper, the demand for $HYPER will skyrocket.

To buy $HYPER, simply visit the Bitcoin Hyper website and connect your wallet. You can either swap USDT, ETH, or SOL, or use a bank card to invest.

Buy Bitcoin Hyper Here

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