#Bitcoin succeeded in holding around the $124k mark despite the lack of volume over the weekend after the ATH attempts.
The price spending a long time at the resistance point already indicated that a new ATH attempt could come, and it wasn't long before the ATH attempt arrived.
Currently, $BTC is still successfully holding in the resistance area.
The technical data is extremely positive. ETF purchases are strong, and overall technical data indicates that the ATH resistance will be broken and the upward trend will continue.
Today, on the first trading day of the week, it is very important to understand how Wall Street savvy traders are trading the ATH breakout in the CME and ETF sectors.
I don't think they will switch to selling and exhibit a negative attitude because they made very aggressive purchases last week. Still, I will provide you with real-time information by following closely, friends.
My personal opinion is that despite minor declines, the upward trend will continue, and Bitcoin will reach the $130-150k range.
Even if Bitcoin reaches $150k, it may experience dozens of declines of up to 10% before reaching this level. During such periods, since there is a lot of long pressure, even if the price is going to rise, it will rise by cleaning out those using high leverage with sudden drops.
During this process, it is very important to be prepared for sudden drops and to definitely stay away from high leverage.
I will frequently share analyses and update the data, friends. I wish everyone a great week and plenty of profits.