Bitcoin Surges to $120K after $117K Break on OKX
Bitcoin price rallied in early August, first briefly surpassing $117,000 on OKX on August 10 (reaching $117,017.30, up 0.11%) before climbing to $120,104.90 on August 13 (up 0.14%). These consecutive price milestones underscore growing bullish momentum and establish strong psychological support at $117K and $120K. Trading volume remains moderate, but momentum traders may drive further gains as Bitcoin tests these key resistance levels. Broader crypto market trends are mixed, yet Bitcoin’s steady advance could pave the way for additional upside or potential consolidation if it fails to hold above support.
Bullish
Bitcoin’s quick succession of breakouts above $117K and $120K on OKX signals mounting bullish momentum. Short-term traders may capitalize on these milestones, driving additional upside as long as Bitcoin holds above these support levels. In the longer term, sustained gains above $120K could reinforce investor confidence and attract fresh inflows. However, moderate trading volume suggests caution: failure to maintain these levels may prompt consolidation around key supports.