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BTC

Bitcoin update: scenarios for correction or new ATH around $117,750

Bitcoin update — I currently see Bitcoin at $117,750.

I expect corrections to occur; these corrections have a high probability of forming around 120k and above, and a pullback from current levels is also possible.

If a correction comes from 117,750, the possible targets I see are: 117, 16500, 15350, 14900, 13100 and lower levels may appear.

If 117,750 holds as support, I believe new ATH levels could follow: 11920, 120, 120300, 121350, 122500, 122750, 123200, 124000, 124500, 125000 and higher.

There will be corrections after any new ATH. If you’ve realized significant profits in coins, be sure to reserve profits. Shorter-term traders and those not holding long term should act accordingly, while long-term holders should remain disciplined with their pre-set targets.

These are entirely my own views. Not investment advice.

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AI Analysis

The opinion presents two primary scenarios centered on the $117,750 level: a corrective move downward with several potential target zones, and an alternative bullish path if that level holds, which co...

AI Recommendation

Monitor the $117,750 area closely — treat it as a key inflection point. If price breaks and sustains below this zone, prepare for a corrective sequence toward the lower target zones the author listed....

Disclaimer

The AI 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.

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