Bitcoin Pulls Back After Reaching $124K Record High
Bitcoin surged to a new all-time high above $124,000 before retreating by $10,000 as traders locked in profits amid geopolitical uncertainty.
Caution dominates ahead of the Fed’s Jackson Hole summit, where policy signals could shift sentiment.
Some analysts expect rate cuts later this year, which may provide fresh support for digital assets.
Long-term outlook remains strong, with price targets between $180K–$200K based on supply scarcity and rising demand.
Do you see this pullback as a healthy correction or a warning sign for the next leg up?
