past top pick

I Believe Bitcoin May Have Peaked at $123K — Cycle Possibly Complete

I think Bitcoin (BTC) has reached about $123,000 and that this market cycle may now be complete. From where I stand, the price touching $123k looks like a plausible cycle top for the crypto bull run.

Given this, I expect Bitcoin to enter a period of consolidation or a corrective phase rather than continuing an uninterrupted rally. I'm watching for signs that confirm a cyclical peak in BTC price action and broader cryptocurrency market sentiment.

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AI Analysis

The opinion states that BTC reached $123,000 and suggests the current market cycle might be finished. A price at this level can be interpreted as a potential cycle top when combined with stretched mom...

AI Recommendation

Given the view that the cycle may be complete at $123k, I recommend taking partial profits on long BTC positions to lock in gains and reduce exposure to a potential corrective phase. Trimming size pre...

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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