Bitcoin Unlikely to Reach $120K Again — Bearish Long-Term View
I don't believe Bitcoin will ever trade above $120,000 again. The market dynamics that produced prior parabolic gains have changed, and I see less likelihood of a repeat.
Based on macro tightening, regulatory pressure, and a more mature investor base, I expect future rallies to be smaller and more temporary than past cycles.
Given that view, I'm cautious about adding long exposure and would prioritize risk management if I hold BTC.
Analysis
Recommendation
I would not buy Bitcoin at current levels; avoid initiating new long positions, trim speculative exposure, and consider hedges or smaller tactical trades if seeking upside.
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.