I don't know about you, but seeing $BTC break 120 thousand left me speechless. It had been pushing hard, but this rally was crazy. What’s next?
First, the context: we went from 108K to 120K super quickly. A large part of the momentum came from ETFs like IBIT, which already have billions in assets. Additionally, the dollar is weakening, and that also helps the movement.
How far can it go? Some talk about 125K, others about 130K. I believe we should pay attention to how it moves between those ranges. If it corrects a bit and goes back to 115K, it could be a good opportunity to enter. That said, with a well-placed stop loss, just in case.
