The analysis discusses Bitcoin's potential breakout towards $130,000, supported by Kazakhstan's first spot BTC ETF launch. It notes Bitcoin is trading at $122,535, having broken above a descending channel. The 4-hour chart shows a breakout supported by higher lows and a move above the 50-period SMA at $117,774. Wide-bodied green candles indicate aggressive buying, with Fibonacci retracement at $117,335 now acting as strong support. The RSI sits at 68.31, close to overbought, and the MACD shows widening bullish momentum. The chart resembles a bullish flag formation, suggesting consolidation below $123,236 could precede the next leg higher. A confirmed breakout above $123,236 targets $126,242, with $130,000 as the next psychological target. Traders may look for entries above $123,236 with stops near $121,500, or wait for a pullback to $117,774 for a lower-risk setup. If institutional accumulation and long-term holders keep supply tight, a sustained rally to potentially higher prices is anticipated. New presale Bitcoin Hyper combines Bitcoin security with Solana speed.