Bitcoin opened July near $107,000 before surging to a record-breaking $119,000. The rally established a bullish flag formation supported by higher highs, consistent volume, and resilient absorption of selling pressure.
Immediate Resistance: $121,000-$130,000
Key Support: $116,000-$112,000
Momentum: RSI 67-73, MACD positive
A daily close above $121,000 could propel BTC toward $130,000, with potential to extend gains to $142,000.