$120k will be the next target because I don't think that may not achieve in a short time after this increasing. Perhaps, we need to wait for some time to see Bitcoin price continue the increases. We should be happy to see this moment where Bitcoin price increase and stay at the current price. We just hope Bitcoin will not drop like before but increase more and break the next ATH.
Yes, DYOR will be our friend to know when we can enter the market. If we can't analyze, it is better we leave the market for a while and back after we can analyze. No need to rush to decide because we still have time.
It doesn't matter whether the price drops again and again, we have seen the price go below $80k some months ago but look at where we are now $118k. Now that the price have gone pass $118k, $120k will not be difficult to reach but for those who are trading, they have to be very vigilant and analyze the market thoroughly and know the entry point so that they don't enter and the price starts dropping. However, we are happy with the performance of bitcoin so far and hope that the price skyrockets further and break more ATHs.