Is BTC Going "To the Moon"? Bitcoin Rebounds, Aiming for $120K, New All-Time High on the Horizon?

The crypto market is buzzing this Sunday after Bitcoin (BTC) logged some serious gains, smashing through key resistance levels and getting traders all hyped up for a potential new bull run. Everyone's got their eyes on the next big target: a fresh all-time high.

Bitcoin ($BTC) rebounds 2.43% and targets $120,000. Find out if the world's largest cryptocurrency could reach a new record. / TradingView

Bitcoin shot up by 2.43%, closing at $119,148 USDT on Binance. This move kept the coin well above a bullish trendline it's been riding since April, solidifying its positive momentum. The latest surge pushed BTC right into a tough "congestion zone," which is acting as a major resistance level.

The Next Stop: $120,000

With the price making a strong move toward the $120,000 mark, technical analysts are on high alert. If Bitcoin can bust through this price zone and hold steady, it could be the spark that sends it to a new all-time high. If that happens, we could see the bull run kick into high gear again for the world's biggest cryptocurrency.

The crypto community is buzzing with excitement. Traders are glued to their screens, watching every tick. A break past this resistance could trigger a massive wave of buying, potentially sending BTC's value into uncharted territory.

Disclaimer: This is not financial advice. Investing in cryptocurrencies is risky, and prices can be wild. Always do your own homework and talk to a professional before you make any investment moves.