The Bitcoin trend has been relatively stable over the past two days, and its market capitalization ratio has been continuously declining. Normally, Bitcoin should surge to 122,000 or even a new high after breaking 119,000, but for some reason, it keeps rising and then dropping back.

The worst-case scenario might be a drop to the support level of 116,000 USD before a surge begins, but the market makers pulling it to 120,000 would make it pointless to pump. I plan to monitor the situation for a while; otherwise, the points in between are too far apart and hard to trade. I’ll explore further and report back!

Summary: The bullish trend has not ended. The overall trend is still upward, and that’s what matters. Last time it dropped to 116,000, I told you it was the last chance to get in. The price has not returned to 116,000 since then.