š¢ [BREAKING] Bitcoin($BTC ) Hits New ATH! Butā¦ Whatās Next?
After breaking through a new All-Time High (ATH) above $123,000, the price of Bitcoin ($BTC) is currently experiencing a slight correction and is around $118,645 (as of today). Many traders are starting to ask:
ā”ļø āIs it time to buy, hold, or even sell?ā
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š Technical Analysis:
ā¢ The trend is still bullish, but signs of overbought conditions are starting to show in the RSI indicator.
ā¢ Strong support is around $118K, which could be a bounce point.
ā¢ The next resistance is at $125Kā$130K, potential movement towards that if a healthy correction completes.
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š Supporting Fundamental Factors:
1. Massive inflow from Spot ETFs (like BlackRock and Fidelity) continues to drive BTC demand.
2. Crypto regulations in the US are becoming clearer, boosting institutional investor confidence.
3. Geopolitical tensions (IsraelāSyria) ā many investors are seeking protection in digital assets.
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šÆ For You Traders:
ā¢ ā±ļø Scalpers: Take advantage of volatility for quick entries with tight SL.
ā¢ š Swing Traders: Look for entry at $118K targeting $125K or higher.
ā¢ š§āāļø DCA-style: Suitable for those who want to keep it simpleāenter gradually during a healthy correction.
