Bitcoin Breakout to $118,000 — Bullish but Volatile
I see Bitcoin has rebounded sharply and now trades around $118,000, signaling renewed bullish momentum.
That move likely reflects stronger demand and favorable macro flows, but price action remains volatile and susceptible to pullbacks.
I’m watching for sustained confirmation above this level before materially increasing exposure and will manage risk with clear stop-losses.
Analysis
A decisive move to $118,000 suggests buyers regained control and could attract momentum traders, though historical volatility and profit-taking risk mean follow-through is not guaranteed.
Recommendation
Consider a staged buy after confirmation above current resistance, keep position sizes conservative, and use stop-losses to manage downside.
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.