Alright folks, something BIG just happened with Bitcoin...
Look, I've been watching charts for 3 years now, and what I saw yesterday made me do a double-take. Remember when everyone was calling Bitcoin "dead" at $15k? Well, we just hit $122k+ and honestly... I'm getting those same butterflies I had during the 2021 run.
Here's what caught my attention:
Some OG whale (we're talking 14 YEARS of holding) just moved $9.6 billion worth of $BTC. Now, normally that'd make me nervous. But here's the weird part - institutions are STILL buying the dips like crazy. ETF inflows hit $522 million yesterday alone.
My take? This reminds me of March 2020. Everyone panicking while smart money was quietly accumulating
What I'm watching:
Support holding strong at $117k (tested 3 times, held each time)
Next resistance around $125k-$128k
RSI at 78 (yeah it's high, but momentum is everything)
My play:ย I grabbed some more at $121,500 this morning. Stop loss at $118,500 because I'm not stupid. Target? $130k feels realistic in the next 2 weeks
Look, I could be wrong. Hell, I bought the dip at $65k in 2022 and watched it crater to $15k. But this setup feels different. The institutional money is real this time.
What do you think? Too risky or are we just getting started?
#Bitcoin #BTC #PersonalTake #Write2Earn