Bitcoin Near ATH — Bullish but Wait for a Dip
I see Bitcoin trading at 123,422, up 3.4% on the day and sitting very close to its all-time high of 124.5K. Volume is healthy and momentum favors the upside, but price is near a key resistance level.
On balance I’m constructive but cautious: fundamentals and market structure support further gains, yet the proximity to ATH increases the chance of a short-term pullback or consolidation.
My plan is to look for a disciplined entry on weakness or for a clear consolidation above prior resistance before adding full exposure.
Analysis
Recommendation
Prefer buying on weakness or after a confirmed consolidation above resistance; avoid chasing at current levels and scale in on pullbacks to reduce 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.