#Bitcoin's rise above the May peak of $111,965.80 on July 11, reaching a new peak of $118,404.42, confirms the strength of the upward trend. If momentum continues, the next technical upward target is found at the 161.8% Fibonacci extension of the 2019-2021 rally, estimated from the lowest level in 2022, which is $122,056.92. Around this level, the current strong upward momentum may weaken.

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BTC

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