where is BTC heading to?

[Marvell1]

Correct, Bitcoin is over 113K, it's at all time high and in the price discovery mode. Seems like bitcoin doesn't care about the war, the ongoing economic conditions of many countries and this US trade war between the countries.

Not really, it's just that things have calmed down, and the economy and bitcoin have adapted to instability caused by war and geopolitics. That is why the US stock market also hit ATH, S&P 500 and Nasdaq hit new records, and Bitcoin followed, Bitcoin did not grow alone.

Also this is just the beginning, we shall be seeing bitcoin crossing 120K very soon. Now it can go to 150K in the mid  term but for sure there will be corrections along the way.

Although we haven't reached $120k yet, we are very close to that goal, so it's no longer a goal. $150k is the target we need to aim for right now, and of course, corrections are inevitable. Because no market goes up vertically, including bitcoin.

[abaeze]

It seems to me that there will be a correction before reaching 120k, although we have been close to 120k and this was our previous milestone, but since our expectations are gradually increasing, we can say very strongly that there will be another correction, but I think there may be another correction before reaching 120k. However, the hope is that if the price continues to rise like this by the end of July, then reaching 120k is a matter of weeks.

[bbc.reporter]

It seems to me that there will be a correction before reaching 120k, although we have been close to 120k and this was our previous milestone, but since our expectations are gradually increasing, we can say very strongly that there will be another correction, but I think there may be another correction before reaching 120k. However, the hope is that if the price continues to rise like this by the end of July, then reaching 120k is a matter of weeks.

Hehehehee did you sell for a small profit already and you are preparing to buy on your predicted correction? This is a very dangerous tactic where you will make mistakes and will have less profit in total than if you only held your coins.

Also, what caused you to predict a correction? If this is only a speculation, why are you speculating this? It will be headshaking for you if you wait for a correction and the market will only give you a pump.



With bitcoin (BTC) trading at a record high above $117,000, some of its largest institutional holders are sitting on massive gains — and show no sign of planning to cash out.

Read in full https://finance.yahoo.com/news/strategy-metaplanet-others-sit-billions-180102293.html

[fuguebtc]

It seems to me that there will be a correction before reaching 120k, although we have been close to 120k and this was our previous milestone, but since our expectations are gradually increasing, we can say very strongly that there will be another correction, but I think there may be another correction before reaching 120k. However, the hope is that if the price continues to rise like this by the end of July, then reaching 120k is a matter of weeks.

When bitcoin starts to rise, most people tend to think that there will be a correction soon because bitcoin has risen too much and cannot rise forever. That may be true but it may not be, and it will depend on the market. If more long positions are opened, Bitcoin may correct but vice versa, if most people think like you and open short positions. I think bitcoin will continue to rise without any correction.

The market is still more speculative, so it is difficult to predict but regardless of correction or not, Bitcoin continues to rise and a target of $120k is inevitable.

[Zigabel]

Bitcoin will likely hit $120k before  there can ever be a major reveal that will feel like a bear market setting in again.  Looking at the support below you will agree that Bitcoin isn't going  to do any unnecessary fall except there be a news or an economic situation that will trigger a fall least least Bitcoin will still be up there or possibly do more numbers possibly.


Bitcoin will definitely do even more ATH, for me I look in the long term and so I will not be swayed by the small volatility I see around  the chart because I know the overall move will be in one direction.

[bbc.reporter]

@Zigabel. I very much agree, however, it appears that there are people that want to cause a dump by spreading fud. This has begun with the new implication that there will be another mining death spiral and there is a new fud that appears to connect the Trump family and Changpeng Zhao the former CEO of Binance hehehe.

CZ has declared that he will sue these people in Bloomberg who are spreading fud, however.



Binance co-founder and ex-CEO Changpeng “CZ” Zhao pushed back against a Bloomberg investigation linking him to a Trump-backed stablecoin.

He called the story “FUD” and suggested that he might pursue legal action.

“Might have to sue them again for defamation,” Zhao wrote on X after the article was published. “Another hit piece, sponsored by a competitor, containing so many factual errors I don’t even know where to begin.”

The Bloomberg report, published on Friday, alleges that Binance wrote the original smart contract code for USD1, the stablecoin issued by Trump-affiliated World Liberty Financial.

Read in full https://www.dlnews.com/articles/people-culture/binance-changpeng-cz-zhao-bloomberg-trump-stablecoin-fud/