Bitcoin Faces Critical Market Moment After Bullish Run

After analyzing Bitcoin's current market behavior, I observe that Bitcoin continues to exhibit a steady upward trend characterized by higher highs and higher lows. The price remains well above key trend levels, indicating bullish dominance in the cryptocurrency market.

Important resistance is noted around the $120,000-$122,000 range, which aligns with the psychological maximum, while the current price hovers around $115,746. Support levels are identified at approximately $112,000-$110,000 and $105,000-$107,000, offering potential entry points in case of pullbacks.

Currently, Bitcoin is experiencing a short-term correction after reaching historic highs, showing a healthy consolidation phase that might set the stage for further upward movement. The prevailing fundamental factors support a bullish outlook, making this correction an attractive opportunity for long-term positions.

Based on this analysis, I recommend considering long positions with different risk appetites. An aggressive entry at around $115,500-$116,000 with a stop-loss at $112,000$ and take profits at $120,000$ and $125,000$ could be suitable for experienced traders. For more conservative traders, entry points between $112,500-$113,500$, with stops at $109,000$ and targets at $118,000$ and $122,000$, are preferable. The most cautious approach would be entering at approximately $110,000-$111,000$, with stops at $106,500$ and taking profit at $116,000$ and $120,000$.

Risk management is crucial; I suggest risking no more than 2-3% of capital per trade, maintaining a risk/reward ratio of at least 1:2, and partial profit-taking at the first target. Overall, Bitcoin remains structurally healthy after its recent impulse, and these pullbacks should be viewed as strategic entry opportunities for disciplined traders.