{"content":"BTC Breakout: Institutional Surge Pushes Bitcoin Near $120K BTC/USD reaches a series of new all-time highs. The current bull run has been going on for four days in a row and picked up speed on Friday, going up 4.5% for the day so far. Bitcoin got a new lift from institutional investors wanting to buy it and from the Trump administration's policies that are good for cryptocurrencies. The break above the peaks of the short-term range signified the end of consolidation and the commencement of a new bull phase. Bulls are getting close to the first major barrier and goal at 120K, which is a psychological level where they can hesitate since daily studies are overbought. The most recent rally was becoming stronger every day, which suggests that people are feeling more hopeful. In this kind of market, bulls could take brief breaks to consolidate or make small corrections before continuing. These breaks will provide them better levels to re-enter the bullish market. If the 120K pivot is broken, the goals are 123026 (Fibo 123.6% projection of the rally from 74389), 130K (psychological), and 131331 (Fibo 161.8% projection). The first supports were in the 117500/117000 zone, and then in the 113450/113000 zone (today's low and daily Tenkan-sen). These should hold down and protect the lower pivot at 112K (the old record highs). Res: 120000, 123026, 127100, and 130000. Sup: 117000, 113500, 113000, 112000. #BTCBreaksATH #TrumpTariffs #MuskAmericaParty $BTC ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025072025/07/11/2586004154ab61d366aeb0f75ff4063c.png"],"tags":[],"tradingPairs":["BTC/USDT"],"quotearticleid":0}