Bitcoin Momentum: Buy on Pullbacks Near Resistance
I see Bitcoin trading at $123,716 (≈5,026,796 TRY) with a weekly gain of about 7.1%. The price is close to the weekly high and the move is supported by meaningful TRY volume.
I expect near-term consolidation or a pullback from the resistance at 5,061,952 TRY — volatility remains elevated so downside is possible.
I prefer buying on weakness rather than chasing the current run: look for a clearer dip or scale in with position sizing and stops to manage risk.
Analysis
Momentum is bullish with rising price and solid TRY volume, but price is near the weekly high and could consolidate or retrace; manage risk given high volatility.
Recommendation
Prefer to buy on weakness — wait for a retracement or scale in gradually with defined stops rather than entering at the current high.
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.