$BTC Just Cleared $118K โ Bull Run or Blow-off Top? ๐จ
Bitcoin has surged past a new all-time high, currently trading around $118,000 โ up ~6% in the last 24 hours. Analysts are calling this the first record high since May, pushed forward by massive spot ETF inflows, regulatory tailwinds, and bets on a Fed rate cut this fall
๐ Intraday high reached $118,740, low sat near $113,400
๐ต Over $1โฏbillion moved into spot Bitcoin ETFs yesterday
๐๏ธ USD Congress begins "Crypto Week" with GENIUS Act, CLARITY Act, and more next week โ huge regulatory catalysts
My take: Weโre in a breakout phase. A push above $120K, possibly before monthโendโwhere I think weโre headed. But if a quick reversal happens, watch for support around $114K to hold this rally ๐ข
What do YOU think?
๐ Will BTC break $120K, or is a dip back to $114Kโ$115K coming?
๐ฌ Drop your thoughts below โฌ๏ธ
