Bitcoin breaks $118,534 resistance, targets $129K–$130K with strong market volume. RSI overbought, possible pullback to retest gray zone before continuation. Altcoin Season Index at 36, signaling a Bitcoin-led market despite recent altcoin gains. Bitcoin has made a powerful move higher, breaking out above the key $118,534 resistance zone and now approaching its previous all-time high. The move was backed by a surge in trading volume, signaling strong market participation in the rally. Prior to this, Bitcoin traded within a narrow range, repeatedly testing the $114,670 level. The price eventually broke through that resistance, leading to a sudden advance toward $123,426, a key decision point for a new record test. The rally was fueled by buyers absorbing a wave of sell-side orders below the breakout point, shifting momentum firmly upwards. What the BTC Chart Says Now According to analyst Michaël van de Poppe, holding above the $118,534 level is now key for maintaining this bullish market structure. The chart also identifies a “gray retracement area” below this point that could serve as a retest level if the price pulls back. Extremely bullish peri… The post Bitcoin’s Path $130K After BTC Breaks $118K Resistance; Puts “Altcoin Season” on Hold appeared first on Coin Edition .
