Bitcoin at $118,000! 🚀 Will it rise higher or are we waiting for a correction to $100k? Let's find out! Hello, crypto enthusiasts! 👋 Bitcoin is back in the spotlight, and for good reason! The price has broken the incredible $118,000!


🤯 Fresh highs make the heart beat faster, but they also raise the question: What's next? Shall we continue to storm into space 🚀 or should we turn back to earth for a correction to $100,000?
🐻 Let's think!
🔥 Arguments for CONTINUING THE RISE (Bullish scenario):
Institutional Appetite Rises!
📈 The inflow of funds through Bitcoin-ETF ( especially in the USA) is not weakening. Major players are just beginning to allocate bitcoin in their portfolios. This is a MASSIVE source of demand!
💰➡️ ₿
Macro wind in the sails? 🌬️ Expectations for a decrease in interest rates by the Fed and other central banks this year make non-yielding assets (like BTC) attractive again. The weakening of the dollar is another plus.
📉
Halving Effect: It's been just a couple of months since the April halving! 🪓 Historically, the real rise of BTC often occurred 6-12 months after it. We may be only at the beginning of this cycle! ⏳
➡️🚀
FOMO in Action: 📣 New highs attract the media, public attention, and, most importantly, retail investors who "fear missing out" (FOMO). This can create a self-sustaining wave of purchases. 🌊
Technical Momentum: Breaking key resistances ( like the $100k psychological barrier ) opens the way to the next targets ( $120k, $130k and above ). The chart looks strong! 💪
⚠️ Arguments for CORRECTION up to $100k (Bearish/Correction scenario):
Overbought - Reality: 📊 According to many indicators (RSI and others ) Bitcoin looks heavily overbought on short and medium timeframes. The market desperately needs a breather. 😮‍💨
Profit = Sales: 🤑 Many investors who bought a long time ago or at lower levels ($60k, $70k, $80k), will naturally want to lock in profits at such heights. This creates selling pressure. 💸
Macro-Uncertainty: 🌍 The global economy is unstable. Wars, elections, unexpected inflation data, or central bank policies can sharply dampen risk appetite and impact crypto.
⚠️
Regulatory Factor: 👮 There is always a risk of negative news or actions from regulators in major jurisdictions (USA, EU). This can trigger short-term panic.
🚨
Healthy Correction - It's Normal! 📉 Even in the strongest bull trends, pullbacks of 15-30% are absolutely normal and even beneficial for consolidating the rise. A pullback to $100k from the current $118k is about 15%, which is quite within the range of a healthy correction.
🔮 My Expectations ( What Is More Likely? ):
Honestly? Both scenarios have the right to exist right now. But if weighing the probabilities:
In the short term (weeks): I assess the chances of a correction to $100k (or thereabouts) to be higher. 🤔 The market is too "hot", indicators scream overbought, profit-taking is inevitable. This is not the end of the rally, but rather a necessary recharge. ⚡
In the medium to long term ( months): The bullish trend dominates. 🐂
🔥 The fundamental drivers (ETF, halving, macro) are too strong. After correction and consolidation, the chances of reaching new highs and moving towards $120k, $130k and above are high.
🚀 In my opinion, the probability of this scenario is higher than (70/30) after the correction.
💡 Conclusion and What the Investor Should Do:
Don't panic during pullbacks! Corrections are part of the game. 🎯
$100k – strong support. If a correction happens, this is a key level for buying. 🛡️
Discipline above all: Use risk management strategies (stop-losses, DCA - dollar-cost averaging). Never invest more than you can afford to lose! ⚖️
Look into the distance: If you believe in the long-term potential of Bitcoin, the current volatility is just noise. 🔭
Stay updated on the news: Data on ETF inflows, statements from the Fed, global events – these are the fuel for the market. 📰
Bitcoin at $118k – this is a historical moment! ✨ Will there be a correction to $100k? Quite possibly, and that's fine. But the overall vector, supported by strong fundamental factors, still points upwards. 🌕 Hold on tight, be smart, and let your portfolios rise! 💪💎
What do you think? Write in the comments! We will be happy to discuss! 👇😉 #BTC# #PUMP# #DUMP#
BTC-0.45%
FOMO4.62%
PUMP-0.65%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 7
  • Share
Comment
0/400
Steve_Cryptoovip
· 07-16 19:52
Bull Run 🐂
Reply0
Amanjhusenvip
· 07-16 14:48
good
Reply0
KatyPatyvip
· 07-16 10:58
HODL Tight 💪
Reply0
Ybaservip
· 07-16 09:40
Thank you for the information and sharing
Reply0
The_Crypto_Knightvip
· 07-16 09:29
Watching Closely 🔍
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)