The Bitcoin price has retreated after reaching a historical high, primarily due to some investors choosing to take profits. Nevertheless, the overall trend remains bullish. From a Technical Analysis perspective, the Bitcoin price is still operating within an ascending channel, with short-term moving averages providing support.



In the upcoming trading, investors should pay close attention to the important psychological level of $120,000. If the price can stabilize at this level, Bitcoin is likely to continue challenging the previous high of $124,000 after adjusting and building momentum.

It is worth noting that although there may be fluctuations in the short term, Bitcoin's long-term growth potential remains strong. With the continued entry of institutional investors and the increasing uncertainty in the global economy, Bitcoin's status as digital gold may further solidify.

However, investors should also be wary of the high volatility of the market and manage risks appropriately. When making investment decisions, it is advisable to consider technical analysis, fundamentals, and macroeconomic factors to better grasp market trends.
BTC-2.47%
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GateUser-5854de8bvip
· 19h ago
It fell and then rose.
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OnchainUndercovervip
· 19h ago
play people for suckers and run away, slipped away
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NotFinancialAdviservip
· 19h ago
The dip buyers are in position.
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DuckFluffvip
· 19h ago
Enter a position during the fall.
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MoneyBurnerSocietyvip
· 19h ago
Being bullish and going long got me liquidated, and now every pullback is my escape route.
View OriginalReply0
BlockchainTalkervip
· 19h ago
actually, the fomo is real but let's stay rational fam...
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