Bitcoin rose above $122,000, approaching its all-time high of $123,218 from July

Description

Bitcoin climbed over $122,000 on Monday morning after the OG crypto found support at $120,080 Sunday night. From there, it gained about 3% through Sunday and is now within striking distance of the $123,218 peak set on July 14. Technical readings show the bullish momentum is still in play. The Relative Strength Index (RSI) on the daily chart is at 65, well above the neutral 50 mark, while the Moving Average Convergence Divergence (MACD) signaled a bullish crossover on Monday. These conditions poi...