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BTC

Bitcoin Hits $124,500 — Two Paths Ahead, Says Samson Mow

I note Bitcoin just reached a fresh peak at $124,500, a clear sign of strong buying interest and renewed bullish momentum.

I agree with Samson Mow that two paths are plausible: continuation higher on sustained demand, or a short-term consolidation/correction as traders lock in gains. I’m watching volume, on-chain flows, and macro cues to judge which path unfolds.

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Analysis

The breakout to $124,500 signals strong momentum, but rapid gains often invite profit-taking and volatility. Key indicators to watch are trading volume, exchange flows, and macro risk sentiment to dis...

Recommendation

I’m not taking a firm trade call here; monitor price action and on-chain metrics. Consider scaling into positions on controlled pullbacks and trimming on parabolic rallies to manage risk.

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.

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