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Resistance: After a price above $118,000, analysts predict that the next important level could be between $122,000 and $125,000. Some forecasts suggest $128,000 to $132,000 by the end of July.
Support: During price declines, $112,000 could be tested as new support. In the event of a broader correction, the range between $100,000 and $102,000 is important.
Moving Averages and Indicators: The Bitcoin price is trading above its key moving averages ( both daily and weekly ), indicating a sustained bull market. The rising 200-day average signals a strong long-term trend. The RSI ( Relative Strength Index ) is trading above the neutral zone of 30-70, suggesting that the price could maintain this situation for some time, even though it is near the overbought territory.
#BTC Hits New High#
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