Bitcoin Stalls After Rally: Will It Blast Through $125,000 Or Slip Back To $110K?

After a powerful breakout last week that pushed Bitcoin into a new all-time high of $118,667, the world’s leading cryptocurrency appears to be taking a breather. As of the time of writing, Bitcoin is trading around $117,953, slightly below its recent peak. The move followed a string of consecutive daily gains as bullish momentum swept across the crypto industry. In a technical analysis shared on the TradingView platform, crypto analyst RLinda pointed out two scenarios that may play out over the coming days and weeks, depending on how Bitcoin reacts to nearby resistance and support levels source: https://www.newsbtc.com/news/bitcoin/bitcoin-stalls-after-rally-will-it-blast-through-125000-or-slip-back-to-110k/