Bitcoin hits a record high of $120,000, continuing its upward trend. The cryptocurrency has been on a winning streak, setting records for three consecutive days. Bitcoin's value has surged 29% this year, reflecting growing investor interest and market momentum.

Bitcoin finally pushed above the 110k resistance, extending gains to a peak of 123k before easing back slightly. The price is testing the 61.8% Fibonacci extension at 121k, from the April 7 low to the May 22 high.