Bitcoin is expected to hit 120,000 in the next couple of days.
For those who shorted yesterday, they were caught and today returned to the opening range to reverse their positions.
Why not short at high levels? The second cryptocurrency has clearly been on a steady rise.
This year's high point of 4,100 is likely to be tested.
With the recent stream of positive news, Bitcoin also has the potential to reach 120,000.
Not shorting at high levels and buying on the pullback aligns with the trend.
Market outlook for Friday:
Long in the 116,300-115,800 range for Bitcoin, targeting 120,000.
