The price of Bitcoin (BTCUSD) soared high in its last intraday trading, to breach the historical resistance level at $123,000, recording breaking prices, this rise came amid the dominance of the main bullish trend, with the trading alongside a minor supportive line on the short-term basis, and the continuation of the trading above EMA50.

The (RSI) supported the bullish track, despite reaching sharp overbought levels, indicating the strength of the current momentum and bitcoins ability to resume the rise, and there is a possibility to target new historical levels if it kept its strong technical support.

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