Bitcoin’s record-breaking week closed at $123,515, with bulls dominating. Fibonacci extensions point to $131,000 as the next resistance, while $118,000 holds as key support.
Bitcoin surged past $119,000 on Thursday, defying a broader market sell-off as investors continued to turn to Bitcoin for safety amid the U.S. government shutdown.
Bitcoin closed at $115,390 last week, with $118,000 as the next hurdle. Wednesday’s Federal Reserve rate decision could spark volatility if the expected 0.25% cut is delayed.
Bitcoin Price closed last week at $111,162 after repeated rejections at $112,500. With $107,000 holding as support, analysts see a pivotal week ahead as key inflation data threatens to spark volatility.
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