Bitcoin at $124,500 — Watch for Breakout or Pullback

I see Bitcoin reaching $124,500 as a meaningful new high that confirms bullish pressure, but it doesn’t lock in the next move for me.

There are two clear paths: continuation to higher highs if momentum and on‑chain flows stay strong, or a corrective retest of key supports if volume fades or macro risk reasserts. I’ll treat the current price as a decision point rather than a buy signal.

I’ll watch price action, volume, and support zones closely and prefer scaling in on weakness or waiting for clear continuation confirmation with proper risk controls.