Is Bitcoin going up or down?
🔥 Current situation:
- Price is around $118,000 USD, after hitting historical highs near $123,000 USD.
- Today shows slight correction, but remains in a general upward trend.
✅ Factors pushing it upward:
- Spot ETFs and massive inflow of institutional capital.
- Favorable regulations in the U.S. (strategic reserve of Bitcoin, legal clarity).
- Post-halving + global adoption.
⚠️ Risks of a drop:
- Possible overbought situation after historic rally.
- Large sell-offs could trigger corrections.
- Macroeconomic events and future regulations.
📈 Projections:
- Optimistic analysts: $135K – $250K in 2025.
- Warnings: correction to $110K – $115K if it fails to break resistance.
In summary:
👉 Bitcoin remains in an upward phase, but is now consolidating. If it breaks $120K strongly, it could aim for $130K; if not, we might see a drop towards supports.