$BTC

Bitcoin has been trading around and above $118,000 in recent days, reaching a new high of $118,900.

** Will BTC break $120,000 soon? **

BTC has broken through its previous all-time highs of around $112,000 and is now trading at new peaks.

** Key Support Levels **

In the event of a correction, investors should monitor the support levels around $107,000 and $100,000. A break below $107,000 could open the way for a retest of $100,000.

The second-largest daily inflows into ETFs have been recorded, indicating growing institutional interest and adoption.

Technical analysis often suggests that breaking resistance and reaching new highs can lead to further growth.

Experts are speaking of a strong bullish signal and expect the uptrend to continue.

The price increase has led to widespread liquidation of short positions—bets on price declines—worth hundreds of millions of dollars.

This creates upward price pressure as those who shorted are forced to buy back to cover their losses.

There is generally growing confidence in Bitcoin as "digital gold" and a store of value.

"Whales" are aggressively accumulating Bitcoin, while smaller retail investors are, in some cases, selling near all-time highs.

Companies are adding BTC to their strategic treasuries, indicating a long-term belief in its potential.

The short-term outlook is predominantly positive with potential for further growth, but it's always important to consider market volatility and potential corrections.