Bitcoin up 5.6% weekly — consider buying on dips
I see Bitcoin trading at $121,688.80 (~4,950,000 TL), up 1.9% on the day and roughly 5.65% higher on the week. Volume is moderate at about 20,071,861 TL, and the price sits close to the recent weekly high (5,061,952 TL).
Momentum looks positive short-term, but the move appears as a steady grind rather than a breakout. I remain cautious about chasing after recent gains and prefer to add on weakness or on a confirmed breakout with higher volume.
Analysis
Recommendation
I recommend watching price action and adding on weakness (buy on dip) or after a confirmed high-volume breakout; avoid entering large positions at current intraday highs.
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.