Bitcoin: No one can be certain of a new peak.
The chart leans towards selling, and there is a negative bearish divergence on the MACD indicator on the weekly frame.
The potential scenarios for Bitcoin:
1. Returning to the level of 120, then a correction, with a correction target at 100,000.
2. Breaking the level of 110 and a weekly close may directly target the goal.
It cannot be confirmed that there is a new peak, but we are monitoring the price movement.
As for the targets, Bitcoin has goals reaching 130, but the chart is currently negative, and there is nothing to guarantee achieving this level, and it may be a target for the next cycle. Therefore, I will not say that the target is 130 while the chart is negative; it may not be achieved. It will be positive and temporary when returning above 120 and closing weekly above it.
Those who assert the existence of a new peak are either hitting a lucky strike and the market gives it to them, or the market breaks their expectations and makes them lose confidence in their tools.
Currently, investment funds are buying Ethereum in large amounts, while they are not buying Bitcoin as before.
Bitcoin is not for investment currently, and those who want to invest should wait until the bear market, where the price of Bitcoin could drop by 50% to 65%.
