It's amazing that Bitcoin hit an new ATH of $118k, which got everyone excited, but I wasn't surprised. Bitcoin's new all time high had been long awaited, but for various reasons, the ATH seemed hard to achiev. But then all doubts were answered in July. A little encouragement might make bitcoin hit $120k, but I think the market will need a little time before $120k is touched.
I'm looking forward to hitting $120k early new week when everyone is back to work. There are two possible outcomes, if $120k fails, the correction or sideways movement could result, meaning Bitcoin won't stabilize above $117k.
Well, the price has been hovering near $118K, which is the ATH over the last couple of days, although with bitcoin that's too early to say it has stabilized at that level. I would think it will go up next week. On weekends it is normal for there to be less buying but I think all indications are that we are at the start of the bull market for real.
Bitcoin has just hit a new all-time high of $119,376, and it's likely to reach $120,000 in the next day or two, as many have predicted. Meanwhile, many are also predicting Bitcoin will reach $130,000, with a possible correction after that. Of course, everyone holding Bitcoin is hoping for a further price rise to $130,000, and I'm optimistic that will happen soon.
The rise in Bitcoin price has also triggered a surge in the prices of other altcoins, but as usual, Bitcoin market capitalization still dominates the market, and an altcoin season doesn't appear imminent. Meanwhile, I don't think it's a good time to enter the market in this situation.
Yes, Bitcoin's movement was very good today and it reached $119K today, but I think that after crossing $120K, Bitcoin can easily go up to $125K, and it can be somewhat stable there, but anyway, currently alt coins have started pumping as Bitcoin has created a new ATH, other coins are in a somewhat pumping movement. But I think everyone should keep a long-term view on Bitcoin and just keep buying. It is too late to invest, or the price is too high now, such thoughts should be completely removed from the mind, due to such thoughts you will never be able to start investing. Get out of the short-term view and keep accumulating with a long-term view.