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BTC

Bitcoin at $124,500: Breakout or Retest?

I note Bitcoin just printed a new high at $124,500, which confirms strong bullish momentum in the near term.

From here I see two plausible paths: one is continued upside as momentum and FOMO drive prices higher; the other is a healthy pullback to retest key support levels and on-chain metrics.

I will be watching price action, volume, and macro signals closely before increasing exposure; risk management and clear stop levels matter in either scenario.

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Analysis

Bitcoin's new peak signals strong market conviction, but the short-term outlook hinges on whether follow-through buying sustains momentum or if traders take profits and trigger a retest of support; on...

Recommendation

Watch price and on-chain/macro indicators closely; avoid adding large positions impulsively — consider scaling in on confirmed continuation or on a disciplined retest with predefined stops.

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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