buy on weakness
Bitcoin Hits $123,500 — Momentum Strong, Buy on Dips
I note that Bitcoin has just reached a new all-time high at $123,500. The breakout underscores strong bullish momentum, but such highs often bring increased volatility and short-term profit‑taking.
I remain constructive on BTC’s trend but cautious on entry — I prefer to buy on weakness or wait for a clean pullback/support retest rather than chase the current spike.
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Analysis
The price breakout to a fresh ATH signals continued demand and trend strength, but breakouts often invite volatile retracements and distribution. Confirming volume and a retest of previous resistance-...
Recommendation
If you already hold BTC, consider trimming small amounts into strength and set clear stop levels. If looking to enter, wait for a pullback or buy on weakness rather than chasing the spike to limit dow...
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.