Bitcoin Near ATH — Watch for Pullback or Confirmed Breakout
I see Bitcoin trading around 123,422 USDT, up about 3.4% in 24 hours and hovering close to its all-time high near 124.5K. Market cap sits around $2.46T with solid but not extreme volume, and supply is roughly 19.9M BTC.
Momentum is positive, but being this close to the ATH increases the chance of a short-term pullback or consolidation. I want to see a clear breakout with follow-through volume before committing large new capital.
I'll monitor price action and volume; I plan to accumulate on meaningful dips or after a confirmed breakout above the ATH rather than chase at current levels.
Analysis
Recommendation
Watch price action and volume; consider buying on weakness around recent support or after a confirmed ATH breakout. Avoid chasing at current levels and size positions prudently.
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.