{"id":80479,"date":"2025-07-14T05:52:04","date_gmt":"2025-07-14T05:52:04","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=80479"},"modified":"2025-07-14T05:52:04","modified_gmt":"2025-07-14T05:52:04","slug":"bitcoin-price-hits-120k-milestone-bulls-make-history-again","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=80479","title":{"rendered":"Bitcoin Price Hits $120K Milestone \u2014 Bulls Make History Again"},"content":{"rendered":"

Bitcoin price started a fresh increase above the $116,500 zone. BTC is now up over 2%, traded to a new high, and might extend gains above the $122,000 level.<\/em><\/p>\n

Bitcoin started a fresh increase above the $118,500 zone.
\nThe price is trading above $118,500 and the 100 hourly Simple moving average.
\nThere is a bullish trend line forming with support at $119,000 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair could continue to rise if it clears the $122,000 resistance zone.<\/p>\n

Bitcoin Price Sets New ATH<\/h2>\n

Bitcoin price started a fresh increase after it cleared the $115,500 resistance zone<\/a>. BTC gained pace for a move above the $116,000 and $118,500 resistance.<\/p>\n

The bulls even pumped the pair above the $120,000 resistance zone. A new all-time high was formed at $122,550 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $116,679 swing low to the $122,550 high.<\/p>\n

Bitcoin is now trading above $120,000 and the 100 hourly Simple moving average<\/a>. There is also a bullish trend line forming with support at $119,000 on the hourly chart of the BTC\/USD pair.<\/p>\n

Immediate resistance on the upside is near the $122,550 level. The first key resistance is near the $1123,500 level. The next resistance could be $124,000.<\/p>\n

<\/a><\/p>\n

A close above the $124,000 resistance might send the price further higher. In the stated case, the price could rise and test the $128,000 resistance level. Any more gains might send the price toward the $128,800 level. The main target could be $130,000.<\/p>\n

Downside Correction In BTC?<\/h2>\n

If Bitcoin fails to rise above the $122,500 resistance zone, it could start a downside correction. Immediate support is near the $121,500 level. The first major support is near the $119,500 level or the 50% Fib retracement level of the upward move from the $116,679 swing low to the $122,550 high.<\/p>\n

The next support is now near the $119,000 zone. Any more losses might send the price toward the $118,500 support in the near term. The main support sits at $116,500, below which BTC might continue to move down.<\/p>\n

Technical indicators:<\/p>\n

Hourly MACD \u2013 The MACD is now gaining pace in the bullish zone.<\/p>\n

Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now above the 50 level.<\/p>\n

Major Support Levels \u2013 $122,500, followed by $125,000.<\/p>\n

Major Resistance Levels \u2013 $121,500 and $119,000.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price started a fresh increase above the $116,500 zone. BTC is now up over 2%, traded to a new high, and might extend gains above the $122,000 level. Bitcoin started a fresh increase above the $118,500 zone. The price is trading above $118,500 and the 100 hourly Simple moving average. There is a bullish […]<\/p>\n","protected":false},"author":0,"featured_media":80480,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-80479","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/80479"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=80479"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/80479\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/80480"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=80479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=80479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=80479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}