#BTC120kVs125kToday The rise of Bitcoin continues and the currency sets a new ATH at $123k.
$BTC 💥✨💥✨
#USCryptoWeek This week begins with notable energy for BTC and altcoins. This Monday, Bitcoin continues to rise, reaching several all-time highs in its price. The latest of these ATH was set at $123.091 per coin, according to CoinMarketCap.
The king cryptocurrency finds itself in an enviable position where its price seems to have no growth limits. However, this carries some risk for investors due to possible corrections. A formidable profit-taking event could happen at any moment, which could lead to losses for capital, especially the most recent ones.
However, a price drop does not seem to be on the short-term horizon, quite the opposite. Price barriers have offered little serious resistance to the optimism of BTC investors, and the currency continues to set new ceilings on its maximum price. At this point, the question revolves around the possibility of BTC reaching $130,000 this week.
For now, it is difficult to determine how far Bitcoin's rise will go this week. The most likely scenario is that it will at least surpass $125k in the coming days. At the time of writing this note, the price of the pioneering cryptocurrency is $121.386 in a slight pullback after the ATH of $123k. Meanwhile, its performance is +2.86% in 24 hours and nearly +11.6% in a week.