Bitcoin Shatters Records: ATH Breached as Bulls Charge Toward New Peaks

Bitcoin just bulldozed through another all-time high—and the crypto faithful are already pricing in the next moonshot.

The king of crypto doesn’t do humility. After months of sideways action, BTC erupted past its previous peak like a rocket escaping gravity. Traders are now scrambling to reposition, while skeptics mutter about 'irrational exuberance' (again).

Here’s the kicker: this rally feels different. Institutional inflows? Check. Lightning Network adoption? Growing. Even your dentist’s portfolio is now 10% crypto—because nothing screams 'hedge against inflation' like volatile digital assets.

But let’s be real: Wall Street still doesn’t get it. They’ll spend $10M on a blockchain research report just to conclude 'maybe buy some?' Meanwhile, Bitcoin’s out here doing push-ups on their risk models.

One thing’s certain: when BTC gets this frothy, buckle up. The only thing predictable about crypto markets is their ability to humiliate both bulls and bears—usually in the same week.

Bitcoin Price Hits New ATH

Bitcoin price formed a base above the $118,500 level and started a fresh increase. BTC gained pace for a move above the $120,000 and $120,500 levels.

The bulls even pumped the price above the $122,000 level. The price traded to a new all-time high NEAR $123,973. It is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $118,971 swing low to the $123,973 high.

Bitcoin is now trading above $120,000 and the 100 hourly Simple moving average. There is also a bullish trend line forming with support at $120,200 on the hourly chart of the BTC/USD pair.

Immediate resistance on the upside is near the $124,000 level. The first key resistance is near the $124,500 level. The next resistance could be $125,000. A close above the $125,000 resistance might send the price further higher. In the stated case, the price could rise and test the $126,250 resistance level. Any more gains might send the price toward the $127,000 level. The main target could be $128,000.

Are Dips Limited In BTC?

If Bitcoin fails to rise above the $124,000 resistance zone, it could start a correction. Immediate support is near the $122,750 level. The first major support is near the $121,500 level or the 50% Fib retracement level of the upward move from the $118,971 swing low to the $123,973 high.

The next support is now near the $120,200 zone. Any more losses might send the price toward the $118,500 support in the near term. The main support sits at $117,500, below which BTC might continue to move down.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.

Major Support Levels – $122,750, followed by $120,200.

Major Resistance Levels – $124,000 and $125,000.