Bitcoin’s price clears KEY levels, but THESE warning signs suggest…

Key Points

1. Bitcoin hit a new all-time high of $123,000, breaking out of key resistance zones between $100k-$110k and $93k-$97k.

2. The rally coincided with a surge in the 7-day aggregated open interest, a potential marker of a local top, suggesting short-term consolidation.

3. The RSI entered overbought territory at 72.79, indicating possible overheating and a near-term pullback.

4. Despite strong momentum, profit-taking signals and overbought indicators hint at a pause or correction before the next major move.

5. Altcoins are gaining momentum even as Bitcoin shows signs of short-term consolidation.