Bitcoin at $124,500 — Market Peaks Call for Watching
I note Bitcoin just hit a record $124,500, surpassing Google and becoming one of the world’s top five assets by market capitalization.
We’re seeing a broad market peak: stocks, house prices, gold, money supply and national debt are at all-time highs, CPI has been running around 4% annually since January 2020, and the Fed is expected to cut rates next month.
I remain cautious — the macro and valuation backdrop is stretched, so I’m watching price action closely rather than adding large new exposure right now.
Analysis
Recommendation
I recommend watching price action and macro signals closely. Avoid large fresh long positions now; consider scaling in only on defined pullbacks or use size-limited, risk-managed entries.
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.